Is GDP a good measure of economic activity and well being?


Essay, 2012

8 Pages, Grade: 1,4


Abstract or Introduction

Table of contents
1. Introduction
2. GDP as a measure of economic activity and well being
3. Problems which arise by comparing GDP across countries
4. Conclusion
5. List of references

1. Introduction
The purpose of this essay is to find out whether GDP (gross domestic product) is a good measure of economic activity and well being and which problems arise by comparing GDP across countries. The paper starts with a brief definition of the gross domestic product. Strengths and weaknesses of the GDP with respect to measuring of economic activity and well being will be discussed in the following. Next, the paper deals with difficulties which could occur by comparing GDP of different countries. Finally, a conclusion is given to identify the key findings of this essay.

Details

Title
Is GDP a good measure of economic activity and well being?
College
Heriot-Watt University Edinburgh  (School of Management and Languages)
Grade
1,4
Author
Year
2012
Pages
8
Catalog Number
V205712
ISBN (eBook)
9783656326281
File size
439 KB
Language
English
Quote paper
MSc International Business Management with Logistics Thomas Bauer (Author), 2012, Is GDP a good measure of economic activity and well being?, Munich, GRIN Verlag, https://www.grin.com/document/205712

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