Do those metrics capture social progress/well-being

Reference no: EM133224431

Question 1: Assess the validity of using GDP as a measure of social progress. Which elements (e.g., education levels, carbon dioxide emissions, gender/racial inequality) does GDP not consider?

Question 2: Identify and describe two alternative (multidimensional) metrics that take into consideration more than the exchange value of economic output. Do those metrics capture social progress/well-being? Explain.

Reference no: EM133224431

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