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GDP, growth, business cycle

GDP, growth, business cycle. GDP. Robert F. Kennedy on what GDP means: “GDP measures everything, in short, except that which makes life worthwhile. And it tells us everything about America, except why we are proud that we are Americans.“ Richard Layard on the GDP/capita:

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GDP, growth, business cycle

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  1. GDP, growth, business cycle

  2. GDP • Robert F. Kennedy on what GDP means: • “GDP measures everything, in short, except that which makes life worthwhile. And it tells us everything about America, except why we are proud that we are Americans.“ • Richard Layard on the GDP/capita: • “The GDP is a hopeless measure of welfare.”

  3. GDP per capita (“välfärdsligan”) • GDP table • GDP (PPP) tables • Problems/Limitations

  4. Welfare (Social Indicators) • Working conditions • Housing • Economy • Leisure time • Health • Political resources • Social Relationships • Employment • Transport and Communications • Safety and Security • Education

  5. Quality of Life (”Well-being”)

  6. Relationship between GDP/capita and ”quality of life”:

  7. The world happiness index Top > 7,7 • Denmark 8,2 Switzerland 8,1 • Austria 8,0 Iceland 7,8 • Finland 7,7 Sweden 7,7 Middle range ± 6,0 • Phillipines 6,4 India 6,2 • Iran 6,0 Poland 5,9 Bottom <4 • Armenia 3,7 Ukraine 3,6 • Modova 3,5 Zimbabwe 3,3

  8. Business Cycle An abstract business cycle

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