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Explain how the GPI tries to address these limitations

Explain how the GPI tries to address these limitations

For this essay you must discuss and critically evaluate the GPI as an alternative to the GDP. To do this
Describe the GDP and the limitations of it that the GPI tries to address.
Explain how the GPI tries to address these limitations. How is it calculated?
What criticisms exist of the GPI?
Use the points above to support a position on the relative merits of the GDP and GPI. Do you think that one or the other is more useful and only one should be retained? Or should both be kept as complements? Or maybe neither should be kept. Why?

………………………….Answer preview……………………..

Gross Domestic Product (GDP) is the measure of the situation of the economy of a country. It is used to determine how the economy of a country has done, in a given period of time. It is used to represent the value of the goods that citizens of a given country have produced within a given period………………..

APA
899 words

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