What are the possible downsides of depending only on gdp

Reference no: EM133707368

Question: What are the possible downsides of depending only on GDP as a metric to assess a country's economic performance and well-being? What other factors or elements are excluded from GDP calculations that can provide insights into a country's quality of life? Lastly, when considering economic growth, what are some specific examples of factors that contribute to long-term economic growth? Can high economic/GDP growth rates be sustained indefinitely without causing inflationary pressures? Why or why not?

Reference no: EM133707368

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