Why we urgently need a real alternative to gdp

Assignment Help Microeconomics

Reference no: EM133442350

Question: Why We Urgently Need a Real Alternative to GDP as an Economic Measure GDP only counts formal market transactions. The World Economic Forum has developed the Inclusive Development Index, which includes per capita GDP, unemployment and productivity, median income, inequality, poverty, healthy life expectancy, net savings rates, public debt, and carbon intensity. a. Why could the Inclusive Development Index be a better measure of the standard of living than real GDP per person? b. What are the challenges involved in trying to incorporate measurements of the factors included in the Inclusive Development Index? c. Compare the UN Human Development Index and the Inclusive Development Index. d. Is there likely to be a high correlation between GDP per person and the Inclusive Development Index? Why or why not?

Reference no: EM133442350

Questions Cloud

What is the second version of the categorical imperative : What is the second version of The Categorical Imperative? How did Kant think it related to the first version?

What is driving the increase in outsourcing of supply chain : What is driving the increase in outsourcing of supply chain activities? What are the most important decisions companies must take into consideration

Why is bernoff against enforcing state laws : Why is Bernoff against enforcing state laws that would hold social media platforms liable for false or defaming information that is posted on their platform?

What is the most likely physiological system limiting : What is the most likely physiological system limiting maximal oxygen consumption? What are some lines of evidence that suggest this is the case?

Why we urgently need a real alternative to gdp : Why We Urgently Need a Real Alternative to GDP as an Economic Measure GDP only counts formal market transactions.

Compare contrast the plant and animal cell by filling : compare/contrast the plant and animal cell by filling in the following graphic organizer. use the characteristics listed in the table below.

Examine need for change and change management : Examine need for change, change management models, significant types of changes, barriers to changes and overcoming, conclusions, and recommendations

Why would someone with astigmatism only see some lines blurr : Why would someone with astigmatism only see some lines blurred. Look up and tell me the difference between regular and irregular astigmatism.

Describe what happens to cop and hydrostatic pressure : Describe what happens to COP and hydrostatic pressure as blood moves from the arterial end to the venous end of a capillary bed.

User Account

All Pages