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?

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter30: Growth And Less Developed Countries

Section: Chapter Questions

Problem 19SQ

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