ECON200: INTRODUCTION TO ECONOMICS
ONLINE COURSE

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INSTRUCTIONS: Read the following articles from the internet:

                    What's wrong with the GDP?
Answer the questions below briefly.

Recommendation: Contemplate the issues.

1. The text and these internet articles indicate that GDP mis-measures the total value of goods produced by the economy. Explain how the national accounting system (GDP) mis-measures national output in the following areas:

a) environmental resources
b) pollution
c) the economic contributions of households
d) distribution of income
e) over-consumption
 
2) Briefly summarize, in your own words, how a Genuine Progress Indicator (GPI) would work.

Have a question? E-mail Phil: martinezp@lanecc.edu