GDP Essay Example | Topics and Well Written Essays - 1000 words

GDP - Essay ExampleAs the discussion highlightsdemographic studies have also shown that prize of liveliness is judged more accurately by aver grow life expectancy, ratio of hospitals to population, ratio of doctors available per patient, age distribution, income distribution, average household and gender ratios. These factors play an important role in any providence because earning gold is not the only objective, the money earned should be translated into something which really has meaning and/or which could bring rejoicing to individuals for instance if the money earned could not be translated into good medical health care run then it is of no use to the individual, money earned should have the potential to be translated into goods and services of the highest quality. fit in to the report findingsGDP is a widely used tool when assessing the economic health of any realm because it is a true representation of the country when it comes to economic activity that is being carried out and how well the economy is doing but it is not a true representation of the welfare of the general masses or aim of satisfaction that the entire population has, this is so because human nature needs have to be cheery through goods and services and not through earning money only.Human needs can only be met in a satisfactory way if the quality of the goods and services provided is extremely high, in third earth countries such as India and Pakistan, the problem is that people do have the money but the quality of life is very low due to problems that the economy is facing.