Wednesday, 14 March 2012

Discuss the relationship between the level of Gross Domestic Product (GDP) and economic well-being?

Question by karen: Discuss the relationship between the level of Gross Domestic Product (GDP) and economic well-being?
What factors of well-being are missing from the GDP? Is there a point where the GDP could increase to such a high level that economic well-being could be compromised? If so, describe some of the opportunity costs associated with maximizing the GDP.


Best answer:
Answer by miss_jen_bThere isn't a direct relationship between GDP and economic well being. There may be a

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