GDP is a very useful tool but like any tool it can be used wrong and has its limits. Explain some limits to using GDP. Think about ways that life can improve that cannot be captured in GDP or alternative ways to measure progress and life quality.
200-300 words
Utilize the required readings as a base, cite appropriate examples/principles from the texts and include a minimum of two academic peer reviewed scholarly articles that bring depth and insight to the dialogue. Write simply, concisely, and with goals to understand and inform.
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- Modern Principles of Economics, 3rd Edition (New York: Worth Publishers, 2016), Tyler Cowen and Alex Tabarrock.
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