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    skraft20's Avatar
    skraft20 Posts: 4, Reputation: 1
    New Member
     
    #1

    Nov 14, 2007, 03:27 PM
    Advantages and Disadvantages
    What are some advantages and disadvantages of GDP (Gross Domestic Product)?:confused:
    CliffARobinson's Avatar
    CliffARobinson Posts: 1,416, Reputation: 101
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    #2

    Mar 10, 2012, 01:36 PM
    Advantages:
    Objective means of comparing countries' economic health
    Easier to measure money than other economic indicators

    Disadvantages:
    Doesn't take into account activity that doesn't include money changing hands
    Doesn't reflect sustainability; can be affected by temporary conditions

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