BU204 Unit 4
Assignment
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1) U.S. real GDP is substantially higher
today than it was 60 years ago. What does this tell us, and what does it not
tell us, about the well-being of U.S. residents? What are the limitations of
the GDP as a measure of economic well-being? Given the limitations, why is GDP
usually regarded as the best single measure of a society’s economic well-being?
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