Question 1 is gdp a good way to measure a countys wellbeing, Ask an Expert

Economics

Question: 1) Is GDP a good way to measure a county's wellbeing? In other words, if a country has a large GDP, should one conclude the residents of that country generally have a high quality of life?

2) What causes "rich" countries like the US, Germany, and Japan to be rich and poor countries, like Bangladesh and Haiti, to be poor? (And don't just say "rich countries are rich because they have more money". Think about the underlying reasons.)

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M93137587

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