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

    Feb 6, 2009, 02:17 PM
    Gross Domestic Product
    What's the relationship between the level of Gross Domestic Product and economic well-being?
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
    Uber Member
    		  
    #2

    Feb 7, 2009, 01:04 AM

    Hi, LaVernP!

    Have you tried the following searches?

    I'm sure that if you read and study information on the sites that you find, that you'll be able to come up the answer.

    Gross Domestic Product and Economic Well-Being - Google Search

    Relationship Between Gross Domestic Product and Economic Well-Being - Google Search

    Thanks!
    Johnny Knocker's Avatar
    Johnny Knocker Posts: 17, Reputation: 4
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    #3

    Feb 9, 2009, 01:04 PM

    The higher the GDP of a country the higher their well being, or "standard of living"
    Wuerschti's Avatar
    Wuerschti Posts: 30, Reputation: 1
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    #4

    Mar 18, 2009, 04:13 PM

    GDP = consumption + gross investment + government spending + (exports − imports)

    the more productive a country the wealthier the citizens
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