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| Subject:
Problem in Macroeconomic
Category: Business and Money > Economics Asked by: aster1981982-ga List Price: $2.00 |
Posted:
01 Dec 2005 18:33 PST
Expires: 31 Dec 2005 18:33 PST Question ID: 600323 |
Suppose country A?s GDP is twice the level of GDP of country B. Can one conclude that the standard of well-being of country A is twice as that of country B? |
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| Subject:
Re: Problem in Macroeconomic
From: myoarin-ga on 01 Dec 2005 20:33 PST |
Three questions: sure sounds like homework, something G-A doesn't like to have answered. |
| Subject:
Re: Problem in Macroeconomic
From: celtic_rice-ga on 02 Dec 2005 08:20 PST |
India has a GDP (purchasing power parity) of $ 3,319 billion, Sweden has a GDP of $ 255 billion. Do you believe that the standard of well being in India is 13 times that of Sweden? Think of all the reasons why comparing these two numbers in isolation tells you very little about the standard of well-being in each country and you will have your answer! |
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