What are the components of gnh and gdp

Assignment Help Macroeconomics

Reference no: EM131137261

GDP Versus Gross National Happiness

The purpose of this assessment is to compare two measures of an economy's performance and analyze a scenario with respect to the impact of these performance measures on organizational strategies.

Assessment Description:

Familiarize yourself with GNH using two credible sources other than its official website. Based on your understanding of GNH, analyze its strengths and weakness with respect of GDP.

In your analysis, focus on the following questions:

? What are the components of GNH and GDP?
? Which measure, GDP or GNH, is easier to compute?
? Which measure uses more logical assumptions to measure economy's performance?
? Can GNH be a reliable measure of economy's performance of a developed nation, such as the U.S.?
? Is measure of economy's performance incomplete without incorporating the happiness factor?
? Does GNH factor the power of capital in driving economic growth? Why or why not is it important?
? Does GDP factor the power of human sentiments in driving economic growth? Why of why not is it important?

Now, imagine you are the CEO of a U.S.-based organization. How will the U.S. government's decision of replacing GDP with GNH affect your organizational strategies?

Consider the following questions for your analysis:

? How will your budget allocation for different functional departments, such as finance, marketing, human resource, training and development, operations, and IT change?

? How will your focus on employee engagement change?

? How will your payment policies change?

? How will your accounting policies change?

Submission Requirements:

Submit your response in a Microsoft Word document with the following specifications:

? Font: Arial; Point 12
? Spacing: Double
? Page length: 2 pages, excluding the APA title and Reference pages
? Include an APA title page. Refer to the sample APA title page.
? Cite the source in APA format in-text and on the Reference page.

Reference no: EM131137261

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