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Gdp as measure of economic output

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Reference no: EM132886276

Create a PowerPoint presentation of 12-15 slides (title and reference slides are not including in this count) discussing Economic Growth and Market Dynamics. Include the following:

1. Explain what GDP is and how is it measured.

2. Evaluate the validity of using GDP as a measure of economic output.

3. 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?

4. 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.

5. Explain if public officials focus exclusively-or even principally-on economic growth as a measure of economic policy success. Which other factors are also salient? Why?

Reference no: EM132886276

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