Monday, December 20, 2010

Post 12 - write a letter to the editor why the GDP is a faulty indicator – suggest other indicators (GNP, NNP etc)

To whom it may concern:

After researching the Gross Domestic Product, it seems that a few problems have come up. It seems that some certain areas used to calculate the GDP are not safe, or correct. Things such as divorce, natural disasters, and crime are all counted as economic gain? I dont believe this is a morally right way to calculate the GDP. Not only does the GDP promote these things but it also ignores the non-market economy of household and community. I believe if there was some way to switch these situations than we would be much better off.

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