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Economics and Economic Policy Module – Final Individual Assignment Answers

Economics Final Individual Assignment Questions and Answers

Question 3: 

Answer all parts of the question.

  1. Why is GDP an imperfect measure of the wealth of a country?
  2. Outline one or more alternative measures that could be used to better represent the wealth of a country?
  3. In your country, how were GDP and the alternative measure(s) you discuss in part 2 of the question impacted by the 2008 crisis?
  4. In your country, when did these measures of national wealth (GDP included) return to their pre-crisis levels (or near pre-crisis levels)? Discuss the reasons why the return to pre-crisis levels took the time it did in your country.

 

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