Inver Hills Community College Macroeconomics GDP Paper –

Inver Hills Community College Macroeconomics GDP Paper –

Name three things you do that contributes to your (or others’) well-being that does NOT show up in GDP. Why were these things excluded from GDP? (What part of the definition was not met?)

There are many other alternative measures for well-being. For this assignment, google “Alternatives to GDP” and provide a link to an alternative measure. Provide a brief summary of one measure (one to two lines is plenty). Then describe the strengths and weaknesses of this alternative measure compared to the standard of GDP. Why do you suppose that economists still continue to use GDP as their primary measure?

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