Is GDP A Good Measure Of Economic Growth? Why Or Why Not?

No, GDP is a lousy indicator of the economic performance of any country. The composition of what constitutes GDP differs per country and thus makes it a worthless international comp.

But more importantly, math is a flawed metric of the economic performance of people, in the same way, the sum of goals scored in soccer is NO indication of the quality of gameplay. Nor is a repetition of the score on two separateĀ games indicative of identical gameplay.

 

 

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