Measure the well-being of a society

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Reference no: EM132642736

In the following case, determine how much GDP and each of its components is affected (if at all).

Jane spends $1200 on a computer to use in her editing business. She got last year's model on sale for a great price from a local manufacturer.

Next considering that GDP is only a rough indicator of a society's standard of living, provide some suggestions for a better way to measure the well-being of a society. Provide some examples, and use the case that is listed above in number one as the example. For the example use the case that is listed in number one.

Reference no: EM132642736

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