Question
an increase in GDP necessarily translated into improvements into the welfare of citizens? true or false. i think its true but im not sure
I can think of examples when it would not be true. Consider a kingdom which increases total output because the king tortures, cajoles, or otherwise forces his citizens to work harder and longer hours.
I can think of examples when it would not be true. Consider a kingdom which increases total output because the king tortures, cajoles, or otherwise forces his citizens to work harder and longer hours.