Clark Turnbull
01/27/2023 · Primary School
Many economists argue that real GDP is not a good measure of economic well being: as it includes the taxes we pay to the federal government. as it excludes the environmental quality of life. as it excludes social security payments made to retirees. as it overvalues the increases in nonmarket transactions.
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Economists argue that real GDP is not a good measure of economic well-being because it includes taxes, excludes environmental quality and social security payments, and overvalues market transactions.
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