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You shared good information about the definition of the labor force. However, per our discussion question, can you tell me is the student who graduated, but is looking for work a part of the labor force? Can you explain why or why not?

You are right that it is possible for a nation to have a high GDP, but due to wealth disparities, this might not represent a large of population of poor people in the same nation. Can you share your thought on why this is misleading regarding economic performance? The Gross Happiness Product sounds interesting. it sounds like different countries have different ways of measuring well-being. Nevertheless, some examples of our global indicators are infant mortality, life expectancy, literacy rates, etc. So, do you think real GDP per person is a sufficient measure of well-being? If not, what other metrics should be used?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91272698

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