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20 Dec 2018

why do economic include only final good and services in measuring GDP for a particle year !! why don't they include the value of the stock and bonds bought and sold ! why don't they include the value of the used furniture bought and sold !!

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Reid Wolff
Reid WolffLv2
22 Dec 2018

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Related questions

Economists include only final goods and services in measuring GDP for a particular year because:

The government purchases component of GDP does not include spending on transfer payments such as Social Security. GDP does not also include the value of used goods that are resold. Do you think such exclusion make GDP a less informative measure of economic well-being? What other production of goods and services do you think are excluded from the GDP? What is the impact of such exclusion on the economic welfare?

Take a look at the following articles:
"Why GDP Fails as a Measure of Well-Being," CBS News
"Why the GDP is Not a Good Measure of a Nation's Well-Being," Psychology Today
"Is GDP a Satisfactory Measurement of Growth?" OECD Observer
"Hooray for GDP! GDP as a Measure of Well-Being," Center for Economic Policy and Research
After reading the articles, draft a response to the following question:
Is GDP an adequate measure of human well-being...
Be sure to include citations and brief bibliographic entries at the end of the post and feel free to integrate sources outside of these in your response
 
 
Please don't forget the citations and please I need it typed because most of the time I can't read the handwriting
 
Thanks

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