Question

Is GDP is a good measure of economic health

YES OR NO
PLEASE EXPLAIN WHY

Answer 1

The answer is that a large GDP does in fact help us to lead good lives.

Step-by-step explanation:

GDP does not measure the health of our children, but nations with larger GDP can afford better healthcare for their children.GDP is not, however, a perfect measure of well-being. Some things that contribute to a good life are left out of GDP.

Answer 2

No

Step-by-step explanation:

Because it's free, there's no way to use prices as a measure of how much we value it. As a result, GDP statistics won't capture the benefits we gain from free apps, just as it has difficulties accounting for changes in the quality of goods over time.