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    sivneth's Avatar
    sivneth Posts: 1, Reputation: 1
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    #1

    Jul 23, 2007, 09:35 PM
    Real Gross domestic product
    Real GDP is increasingly criticized for its alleged failure to adequately measure the standard of living. To what extent do you think this criticism is valid?
    RichardBondMan's Avatar
    RichardBondMan Posts: 832, Reputation: 66
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    #2

    Jul 24, 2007, 05:49 AM
    First, GDP is the measure of all goods and services produced in any one year, it does not measure the distribution of these goods and services among different sections of society.
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