Why is gdp an imperfect measure of the wealth

Assignment Help Macroeconomics

Reference no: EM132641460

Question:

Why is GDP an imperfect measure of the wealth of a country?

Outline one or more alternative measures that could be used to better represent the wealth of a country?

In your country, how were GDP and the alternative measure(s) you discuss in part 2 of the question impacted by the 2008 crisis?

In your country, when did these measures of national wealth (GDP included) return to their pre-crisis levels (or near pre-crisis levels)? Discuss the reasons why the return to pre-crisis levels took the time it did in your country.

Guidelines for this question:

To answer this question use economic concepts and economic data from the World Bank, IMF or equivalent. Present the data you use in graphs and/or tables.

Reference no: EM132641460

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