What difficulties exist when attempting to draw comparisons between countries like the U.S and China with GDP s as a measure of standard of living?
What difficulties exist when attempting to draw comparisons between countries like the U.S and China with GDP s as a measure of standard of living?
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 19RQ: List some of the reasons why economists should not consider GDP an effective measure of the standard...
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What difficulties exist when attempting to draw comparisons between countries like the U.S and China with GDP s as a measure of standard of living?
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