Role of GDP in the Sustainable Growth Era

While there is a correlation between economic growth and the increase in living standards, economic theory is evident in the purpose of the Gross Domestic Product (GDP) measurement. GDP measures only the production capacity and economic growth, not the nation's development, as often claimed by...

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Bibliographic Details
Main Author: Katarina Gajdosova
Format: Article
Language:English
Published: The Academic Research and Publishing UG (i. G.) (AR&P) LLC 2023-09-01
Series:SocioEconomic Challenges
Subjects:
Online Access:https://armgpublishing.com/wp-content/uploads/2023/10/SEC_3_2023_8.pdf