THE UNIVERSITY OF THE WEST INDIES

FIVE ISLANDS CAMPUS, ANTIGUA AND BARBUDA

SCHOOL OF MANAGEMENT, SCIENCE AND TECHNOLOGY

ECON 3034 – Resource and Environmental Economics – SEMESTER I

TUTORIAL SHEET 10
(TO BE DISCUSSED ON MONDAY 22ND NOVEMBER)

1. How well does GDP measure economic wellbeing?

2. Should traditional GDP measures be abandoned for an alternative measure? If so, how would
you determine which measure is most appropriate? What are the pros and cons of such a change?

November 14, 2021