We found a match
Your institution may have rights to this item. Sign in to continue.
- Title
Gross Domestic Product--an Index of Economic Welfare or a Meaningless Metric?
- Authors
HIGGS, ROBERT
- Abstract
The article assess the use of gross domestic product (GDP) estimates as a measure of economic welfare. Topics mentioned include the definition of GDP, the adjustment of the margins of production and consumption to produce equality in two goods, and the use of observed market prices to calculate GDP's component goods and services.
- Subjects
GROSS domestic product; WELFARE economics; PRODUCTION (Economic theory); CONSUMPTION (Economics); PRICES
- Publication
Independent Review, 2015, Vol 20, Issue 1, p153
- ISSN
1086-1653
- Publication type
Article