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When I was first taught what GDP was at school we covered that it had limitations and biases, alongside other metrics that attempted to correct this. Apparentl
by misnome 4y ago
When I was first taught what GDP was at school we covered that it had limitations and biases, alongside other metrics that attempted to correct this.
Apparently my high school teacher should have written a nature paper, instead.
- em500 4y agoSame here. These well known drawbacks of the GDP measure are covered in a standard Dutch VWO high school economics textbook (comparable to UK GCSE A-level).