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Why should be taken into account when gdp data are used

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Reference no: EM131131340

Economics Problem

(Limitations of National Income Accounting) Explain why each of the following should be taken into account when GDP data are used to compare the "level of well-being" in different countries (Be precise and to the point. Your assignment must be 130 words or less).:

1. Population levels
2. The distribution of income
3. The amount of production that takes place outside of markets
4. The length of the average work week
5. The level of environmental pollution.

Reference no: EM131131340

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