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15 July, 03:34

Is GDP a good measure of the prosperity of the average person? Yes, if the GDP is growing, the people are more prosperous. Yes, a large GDP is always the best sign of prosperity. No, GDP only measures how much money is in the economy. No, GDP does not consider the size of the population.

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  1. 15 July, 05:04
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    The GDP is NOT a good measure of the prosperity of the average person because the GDP does not consider the size of the population when calculated on a annual basis.
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Home » History » Is GDP a good measure of the prosperity of the average person? Yes, if the GDP is growing, the people are more prosperous. Yes, a large GDP is always the best sign of prosperity. No, GDP only measures how much money is in the economy.
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