Tyler Coughlan, Chapter 9, Question #7

I learned all about GDP in this chapter. That it is our only way to measure the economy because it is all about what us consumers buying new things. It can show lots of great things that we are producing lots and people are becoming better off and we are being productive but GDP is not perfect representation of a good society. If we try to resort solely in increasing GDP each year as a society we will become a very self- centered and materialistic society. GDP doesn't measure our happiness, like pure happiness not just the happy you get when you buy something new, it doesn't measure morals, and it doesn't measure side effects at all. Which is the biggest problem. The environment has suffered greatly and will continue to suffer if we only look at GDP. Also GDP only deals with new things it doesn't deal with used car dealerships and other used items. So it is a misrepresentation of our society.   So GDP can be good but it shouldn't be the only thing we rely on.