Topic: Measure of Economic Welfare Mew
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What were President Johnsons set of new dealish economic and welf...
The first days of Roosevelt's administr... Read More »
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What are the limitations of looking just at a country's GDP to me...
Measures of GDP typically exclude unpaid economic activity, most im... ...MORE... Read More »
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What is an example of something that impacts economic welfare but...
The GDP includes goods and services that may not be desired by consumers, but are produced anyway. As an example: if the government decided to increase tax rates in order to finance the production of military goods during peacetime, total o... Read More »
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Measure of Economic Welfare Mew
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Would you rather live in mainland China where the GDP is $9 trillion but the per capita GDP is only $6.7K, or in Taiwan where the GDP is only $0.7 trillion but the per capita GDP is $31K http://en.wikipedia.org/wiki/List_of_cou… http://en.w...
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