3. What is development? Sustainable development? We often use real per capita GDP as a proxy for the level of development. What is GDP and real per capita GDP? What are some of the problems with this indicator for measuring development? Why is it still so commonly used?

3. What is development? Sustainable development? We often use real per capita GDP as a proxy for the level of development. What is GDP and real per capita GDP? What are some of the problems with this indicator for measuring development? Why is it still so commonly used?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 8SCQ: Is it possible for GDP to rise while at the same time per capita GDP is falling? Is it possible for...

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3. What is development? Sustainable development? We often use real per capita GDP as a proxy for the
level of development. What is GDP and real per capita GDP? What are some of the problems with this
indicator for measuring development? Why is it still so commonly used?

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