Explain the rationales behind alternative measures

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Reference no: EM131195981

Should gross domestic product (GDP) be used as a measure of the wellbeing of the society? Why? Why not? In your short essay, you are required to address the following points:

Discuss the advantages and disadvantages of using GDP as a macroeconomic indicator

Identity and explain the rationales behind alternative measures of the wellbeing of the society.

Reference no: EM131195981

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