What Is Missing?
• However, GDP does not measure everything - it ignores inequality, enviromental impact and unpaid work.
• Alternatives could be: HDI (Human Development Index), BMI (BigMac-Index) or GPI (Genuine Progress Indicator)
• GDP gives a first idea of how an econmoy is doing, but it doesn't show how the gains or losses ar distributed in the economy.
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Economics and politics student from Germany. Interested in a broad field of topics and trying to easily break down topics from his studies to everyone.
In this Mini-Series, we will talk about the key concepts of macroeconomics. I will shortly explain each concept in a respective post. This is part 1 of 5, covering the GDP (Gross Domestic Product).
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