Describe why it might be excluded from the gdp calculation

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Reference no: EM133474664

Discussion Post: GDP & Wellbeing

Read through the shortcomings of GDP identified in your textbook. Next look at the article "Why GDP fails as a measure of well-being" by Mark Thoma, published by CBS News. Do you agree with the author's assessment that GDP fails to measure well being? Why (or why not)? Are there things that contribute to your well-being and happiness but are excluded from the calculation of GDP? Share an example and describe why it might be excluded from the GDP calculation.

Reference no: EM133474664

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