It is difficult to calculate the value of GDP and it does not provide an accurate measure of the welfare or happiness of a country’s citizens therefore, it should not be used as an indicator of standard if living. Discuss whether you agree with this statement.

Economics For Today
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ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter15: Gross Domestic Product
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It is difficult to calculate the value of GDP and it does not provide an accurate measure of the welfare or happiness of a country’s citizens therefore, it should not be used as an indicator of standard if living. Discuss whether you agree with this statement.

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