How gdp per capita is a good measurement of wellbeing

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Reference no: EM133376982

Question: Do you think real GDP per capita is a good measurement of economic well-being? Economics focus on real GDP per capita to make comparisons about the wellbeing between nations and the growth of real GDP per capita as an approximation to the improvement of wellbeing. Discuss your view on how GDP per capita is a good measurement of wellbeing and provide real world situations (personal or social issues) that shows when it falls short.

Reference no: EM133376982

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