The use of GDP per head as an indicator of the standard of living and its problems e.g., inequality of income and wealth as an issue (stronger students will refer to Gini-coefficient and Lorenz curves), quality of life, environmental costs, (stronger students will link to market failure) non-market economy, shadow economy etc How economic growth in theory promotes increases in income (stronger students may relate this to the PPF) Alternative conceptions of well-being and the thinking behind these e.g., inclusive development, sustainable development, the HDI, the Sustainable Development Goals

The use of GDP per head as an indicator of the standard of living and its problems e.g., inequality of income and wealth as an issue (stronger students will refer to Gini-coefficient and Lorenz curves), quality of life, environmental costs, (stronger students will link to market failure) non-market economy, shadow economy etc How economic growth in theory promotes increases in income (stronger students may relate this to the PPF) Alternative conceptions of well-being and the thinking behind these e.g., inclusive development, sustainable development, the HDI, the Sustainable Development Goals

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 7SQ

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