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[SOLVED] Help in discussion questions- Word count 100-150 for each discussion

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May 17th, 2022

I don’t know how to handle this Economics question and need guidance.

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[SOLVED] Help in discussion questions- Word count 100-150 for each discussion
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Discussion Question 1

GDP is often used as a measure of well-being. Is it a reasonable measure of well-being? If so, why does Norway with its high standard of living have a relatively low GDP? Why do India and China, with their relatively low standards of living have some of the highest GDP in the world?

Discussion Question 2

Since 1970, the labor force participation rate for women has increased from 43.3% in 1970 to 56.9% in 2018. During the same period, real GDP increased from $4.715 trillion to $17.286 trillion. Are these two events related? Explain.

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