GDP does not capture changes in the availability of leisure time and often fails to reflect changes in the quality of products and the availability of new products. (such as improvements in technology).
Why are these items not factored into the GDP?
Posted: March 28th, 2017
GDP does not capture changes in the availability of leisure time and often fails to reflect changes in the quality of products and the availability of new products. (such as improvements in technology). Why are these items not factored into the GDP?
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