GDP is perhaps the single most important economic indices that we all refer to while discussing about any countires well being. But, in reality if population growth is high then GDP growth is automatically higher, thus resulting in confusion, weather people are better with growing population and high growth rate. The best example we can think of is China. It had high growth rate for almost 2 decades, It has come a long way from the 80\'s. In China GDP growth rate is taken very seriously and the entire nation went on a building spree, even building some of the skyscrappers in villages. This entire buidling activity provided employment, but same time China accumulated huge debt. The general well being cannot be measured by GDP growth, It can be measured by looking at disposable income of individuals adjusted to inflation rate. GDP does give picture of countries economic activity, but it sometimes is mis-represented due to debt, GDP does not easily take away debt factor. India for example takes huge loans from any one willing to lend to it. GDP does not measure this accumulated risk. Solution GDP is perhaps the single most important economic indices that we all refer to while discussing about any countires well being. But, in reality if population growth is high then GDP growth is automatically higher, thus resulting in confusion, weather people are better with growing population and high growth rate. The best example we can think of is China. It had high growth rate for almost 2 decades, It has come a long way from the 80\'s. In China GDP growth rate is taken very seriously and the entire nation went on a building spree, even building some of the skyscrappers in villages. This entire buidling activity provided employment, but same time China accumulated huge debt. The general well being cannot be measured by GDP growth, It can be measured by looking at disposable income of individuals adjusted to inflation rate. GDP does give picture of countries economic activity, but it sometimes is mis-represented due to debt, GDP does not easily take away debt factor. India for example takes huge loans from any one willing to lend to it. GDP does not measure this accumulated risk..

1. GDP is perhaps the single most important economic indices that we all refer to while discussing
about any countires well being. But, in reality if population growth is high then GDP growth is
automatically higher, thus resulting in confusion, weather people are better with growing
population and high growth rate.
The best example we can think of is China. It had high growth rate for almost 2 decades, It has
come a long way from the 80's. In China GDP growth rate is taken very seriously and the entire
nation went on a building spree, even building some of the skyscrappers in villages. This entire
buidling activity provided employment, but same time China accumulated huge debt. The
general well being cannot be measured by GDP growth, It can be measured by looking at
disposable income of individuals adjusted to inflation rate.
GDP does give picture of countries economic activity, but it sometimes is mis-represented due to
debt, GDP does not easily take away debt factor. India for example takes huge loans from any
one willing to lend to it. GDP does not measure this accumulated risk.
Solution
GDP is perhaps the single most important economic indices that we all refer to while discussing
about any countires well being. But, in reality if population growth is high then GDP growth is
automatically higher, thus resulting in confusion, weather people are better with growing
population and high growth rate.
The best example we can think of is China. It had high growth rate for almost 2 decades, It has
come a long way from the 80's. In China GDP growth rate is taken very seriously and the entire
nation went on a building spree, even building some of the skyscrappers in villages. This entire
buidling activity provided employment, but same time China accumulated huge debt. The
general well being cannot be measured by GDP growth, It can be measured by looking at
disposable income of individuals adjusted to inflation rate.
GDP does give picture of countries economic activity, but it sometimes is mis-represented due to
debt, GDP does not easily take away debt factor. India for example takes huge loans from any
one willing to lend to it. GDP does not measure this accumulated risk.