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• Is GDP growth a good indicator of improving quality of life?

Is GDP growth a good indicator of

improving quality of life?
Topic:
Cultural Debates

9 Contributors
in this discussion.
Yes
33% of users

• I agree that GDP is a good indicator of

improving quality of life.
 Because GDP shows the value of all the goods and services an economy
produces and delivers, this figure is very representative to show how bad or
well is the quality of life in a country. Countries with small GDPs have very
low quality of life standards, meanwhile, countries with high GDPs have high
quality standards of life. Of course GDP is not the only thing that affects the
quality of life. Access to affordable medical services and education and a
reliable retirement system are also very important to measure the quality of
life in a country or region.

Yes l0olllooi

• The quality of life improves with increased

GDP because there are more resources to go
around.
When GDP increases, it is a good indicator that a country is becoming
somewhat more prosperous overall. There is always a trickle down effect of
some sort, and thus even the lowest man on the totem pole will see some
improvement in their situation. While the percentage increase in GDP may
not correlate proportionately with the increase in the quality of life for all, if
signifies at least a minor improvement for all.

Yes T3ddDemon

• GDP is a good indicator because it

highlights America ability to consume.
The gross domestic product or GDP shows off the ability of the American
public to consume goods, which directly correlates with the income of the
American people. If the American people are poor and can not consume
goods the this will lower the GDP and give an excellent example of the
current affairs of America. Government spending, investments, and net
export play a factor in GDP, but consumer spending is the most critical in my
opinion.

Yes EIvynDance
Voice Your Opinion

No
67% of users

• High employment and salaries that pay a

living wage improve the quality of life, not a
good GDP number.
 A good GDP number does not mean that the quality of life is improving. It is a
good indicator that the economy is growing and productivity is increasing,
but you can have growth and increasing productivity through automation and
other means that do not increase employment or salaries. A job and an
adequate salary are what improve the quality of a person's life.

No l0lliep0ps

• Quality of life is very subjective and doesn't

necessarily go along with the GDP.
Many third world countries have experienced growth in GDP because of an
increase in manufacturing jobs. However, a lot of the people working there
work for low pay in miserable conditions, and can't afford to quit. In a case
like that, the quality of life for the employees has gone down even though the
GDP of the country has gone up. GDP growth can indicate improved quality of
life, but not in every situation.

No N Schroeder 60

• I disagree that GDP growth is a good

indicator of improving quality of life. GDP
growth does is not necessarily positively
correlated with other, non-material factors
such happiness
You are missing a argument body.

No 5hinyRiah

• GDP is not good indicator to measure the

quality of life, there are many other
statistical methods to do it more accurately.
What is the meaning of GDP(gross domestic product)? "The measure of an
economy adopted by the United States in 1991; the total market values of
goods and services produced by workers and capital within a nation's borders
during a given period (usually 1 year)" Which word describes the quality of
life??? No, there are huge difference between economical measurements and
human pleasure measurements.

No StargalCec

• GDP growth by itself is not a good enough

indicator of improving quality of life
 because there are many other factors that
influence quality of life.
GDP growth in itself is not enough to indicate quality of life. GDP growth
includes the richest as well as the poorest of people. While the rich may be
getting richer, the poor may be getting poorer and GDP maybe showing a
growth. The statistics could be wrong in this way. Also, GDP does not take
into account the happiness index.

No TigerDeII

• GDP growth as a good indicator of

improving quality of life has become out
dated.
No,I disagree that the GDP is a good indicator of improving quality of life. GDP
is defined as the market value of goods and services produced within the
borders of the country. GDP can't be a good indicator of quality of life as it
actually doesn't include the quality of goods and services consumed by the
population. I think GDP as a indicator of quality of human life is too narrow to
be accurate.

No I0rFashion
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Is GDP growth a good indicator of improving quality of life?

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