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The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695 Exercise 5
If it could be shown that a rising GDP is associated with a rising level of anxiety, tension, and conflict in the population, would you favor deducting these psychological costs to obtain the true value of gross domestic product? How would you do so? How would you place a dollar value on increased anxiety?
Explanation
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GDP can be defined as a measure of the m...
The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
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