Are there better methods for measuring economic welfare

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Respond in 200 words. Economic growth, as measured by increases in real GDP per capita, is a goal for most countries. This is often interpreted as an increase in economic welfare for citizens. How would you evaluate this assertion? If there are reasons to dispute it, why is it a nearly universally recognized goal? Are there better methods for measuring economic welfare? How would you measure it? What is the current rate of the GDP per capita and how would you interpret this number?

Reference no: EM131196034

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