Answers>Economics>IB>Article

Why GDP is not a good measurement of standards of living.

GDP fails to include areas such as education (e.g. years of schooling), Health (e.g. numbers of doctors per 1000 inhabitants, life expectancy), income distribution etc.

Answered by Effie Z. • Economics tutor

2908 Views

See similar Economics IB tutors

Related Economics IB answers

All answers ▸

Using diagrams, explain how the incidence of an indirect tax may be affected by the price elasticity of demand.

Analyse the impacts on the market if a subsidy was granted to cotton producers, and the discuss the consequences for stakeholders

Explain how a change in one of the determinants of supply could lead to a decrease in the price of rice.

Under what conditions can a firm sell the same product at different prices?

Popular Requests

Maths tutor Chemistry tutor Physics tutor Biology tutor English tutor GCSE tutors A level tutors IB tutors Physics & Maths tutors Chemistry & Maths tutors GCSE Maths tutors

CLICK CEOP

Internet Safety

Payment Security

Cyber

Essentials

MyTutor is part of the IXL family of brands:

IXL

Comprehensive K-12 personalized learning

Rosetta Stone

Immersive learning for 25 languages

Wyzant

Trusted tutors for 300 subjects

Education.com

35,000 worksheets, games, and lesson plans

Vocabulary.com

Adaptive learning for English vocabulary

Emmersion

Fast and accurate language certification

Thesaurus.com

Essential reference for synonyms and antonyms

Dictionary.com

Comprehensive resource for word definitions and usage

SpanishDictionary.com

Spanish-English dictionary, translator, and learning resources

FrenchDictionary.com

French-English dictionary, translator, and learning

Ingles.com

Diccionario ingles-espanol, traductor y sitio de apremdizaje

ABCya

Fun educational games for kids