It really depends on the type and field of economics you’re looking at. Macro and micro are very very different fields. There are also a lot of different ways to present these facts. In general gdp means very little for normal people, and something like the Gini coefficient at least gets a little closer to a metric that actually represents the economic health of a country.
It really depends on the type and field of economics you’re looking at. Macro and micro are very very different fields. There are also a lot of different ways to present these facts. In general gdp means very little for normal people, and something like the Gini coefficient at least gets a little closer to a metric that actually represents the economic health of a country.