Although economic growth is typically measured by calculating the rate of change in real GDP, there are a few problems associated with the use of GDP as a measure of economic growth.

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter17: Production And Growth
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Although economic growth is typically measured by calculating the rate of change
in real GDP, there are a few problems associated with the use of GDP as a
measure of economic growth.
Identify these problems.
Economic growth can originate from the demand side or from the supply side of
the economy. Discuss the sources of economic growth on the demand side.
Transcribed Image Text:Although economic growth is typically measured by calculating the rate of change in real GDP, there are a few problems associated with the use of GDP as a measure of economic growth. Identify these problems. Economic growth can originate from the demand side or from the supply side of the economy. Discuss the sources of economic growth on the demand side.
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