KAPLAN MT445 UNIT 7 DISCUSSION LATEST 2016 FEBRUARY

Question # 00234653 Posted By: kimwood Updated on: 04/02/2016 12:55 AM Due on: 05/02/2016
Subject Economics Topic Managerial Economics Tutorials:
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Topic 1

The national income accounts measure productivity, spending, and income; but these accounts were not designed to measure economic welfare. Discuss aspects of economic welfare ignored in GDP. HINT: Do a “Google” search on the Genuine Progress Indicator and compare this with GDP in terms of measuring economic welfare.


Topic 2

What factors might contribute to a low growth rates in a country? Why do some poor countries, such as Botswana, experience higher growth rates than others when all face the same challenges such as the HIV epidemic? Compare growth rates across countries by visiting The World Bank website (http://data.worldbank.org/indicator). How does GDP growth (GDP growth (annual %)) compare across developed countries such as the U.S. and poorer countries such as Nigeria. Why might growth rates of developed nations be lower than those of poorer countries?

Source: The World Bank. Retrieved from http://data.worldbank.org/indicator


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    to a higher GDP, yet the remaining segments of the ...
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