Per capita GDP and average annual incomes are much higher in Alberta than New Brunswick. New Brunswick's economy has not grown in over a decade (at least not very much) while Alberta's GDP has grown a lot. At the same time, self reported life satisfaction is higher in New Brunswick than in Alberta. Does this show that GDP growth and higher income are not contributing to happiness? Should New Brunswick stop worrying about trying to grow it's GDP?
Per capita GDP and average annual incomes are much higher in Alberta than New Brunswick. New Brunswick's economy has not grown in over a decade (at least not very much) while Alberta's GDP has grown a lot. At the same time, self reported life satisfaction is higher in New Brunswick than in Alberta. Does this show that GDP growth and higher income are not contributing to happiness? Should New Brunswick stop worrying about trying to grow it's GDP?
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 31P: Ethiopia has a GDP of 8 billion (measured in U.S. dollars) and a population of 55 million. Costa...
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