Discussion Question Forum 2

Economic growth is generally measured by calculating the growth rate of Gross Domestic Product. Refer to the following two web articles, “Why GDP Fails as a Measure of Well-Being Links to an external site. ( )” and “Measuring Economies: The Trouble with GDP Links to an external site. ( ).” . The articles discusses the weaknesses of GDP as a measure of well-being and discusses several alternatives. Choose one of the alternative metrics discussed in the articles you favor. In 250 to 300 words, describe what it is, and explain why you believe it would be a better measure of well-being. What would measuring economic growth with your chosen metric mean? Explain why you would prefer using it to measure economic growth instead of GDP?