Question #1: Watch (read) the following video (article) by Professor Joseph Stiglitz, and the following video by Professor Diane Coyle: https:#www.youtube.com/watch?v=QUaJMNtW6GA https:#www.project-syndicate.org/commentary/new-metrics-of-wellbeing-not-just-gdp-by-joseph-e-stiglitz-2018-12 https:#www.youtube.com/watch?v=GQSLxw8f8zc Then, please answer the following multi-part question:Summarize the various problems with the GDP as a key macroeconomic indicator. What are some proposed alternatives for national output measurement, in lieu of the GDP? In your opinion, why haven’t these alternatives been adopted? Question #2: Please present a brief analysis for the industry within which your firm operates. This is Retail with multi – products (sells it ,home, toys, books ,products )The analysis could include information on the market structure, the level of concentration, the sensitivity of the industry to the business cycle, possible information on the elasticities of the products, possible comparison of the general characteristics of your industry in Greece vis-à-vis the respective industry in another European country of your choice that you may have some information, etc.
Summarize the various problems with the gdp as a key macroeconomic indicator. what are some proposed alternatives for national output measurement, in lieu of the gdp? in your opinion, why haven’t these alternatives been adopted?
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