in chapter 1 harford defines how to measure the economy

Discussion #2 Instructions

Post Under the Assignment #2 Forum

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In Chapter 1 Harford defines how to measure the economy.

Post 1 (Max 300 Words) (eight points):

  • Explain what indicators economists use to measure the economy and the indicators advantage and disadvantages.
  • How well does GDP per capita reflect other measures such as environmental or happiness indicators for the country you chose for discussion #1.

for environmental data see this webite and for happiness see this info. If your country is not listed choose one near the one you picked for discussion #1.

http://happyplanetindex.org/

https://en.wikipedia.org/wiki/World_Happiness_Repo…


Post 2 (max 100 words) (two points)

3. For an other group members compare your country in terms of GDP per capita, environmental and happiness indicators to their chosen country. Which country do you think is better off?