Measure of economic wellbeing

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Reference no: EM131441623

Use the concept about Macroeconomics,

1. What are the shortcomings of GDP as a measure of total production in an economy, and as a measure of economic wellbeing?

2. How does the existence of financial intermediaries affect liquidity and risk in the financial market?

3. What happens to inflation and unemployment during the business cycle.

4. How can improving education and training contribute to a country's economic growth, and why is it important the government take a pro-active role in promoting education. How could the government help increase the accumulation of knowledge?

Reference no: EM131441623

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