GDP per capita is a widely used measure of economic well-being. Discuss the appropriateness of this measure for assessing average well-being of nation's population and the relative attractiveness of a market for a firm considering expansion into this market. In your answers discuss positives and negatives and explain some alternative measures that may be appropriate give a more complete picture.

GDP per capita is a widely used measure of economic well-being. Discuss the appropriateness of this measure for assessing average well-being of nation's population and the relative attractiveness of a market for a firm considering expansion into this market. In your answers discuss positives and negatives and explain some alternative measures that may be appropriate give a more complete picture.

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter7: Taking The Nation's Economic Pulse

Section: Chapter Questions

Problem 1CQ

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