National accounts: barometer, telescope and compass for the national economy

Frits Bos

MPRA Paper from University Library of Munich, Germany

Abstract: This note briefly describes the merits and limitations of the national accounts, e.g. GDP per capita is a simple measure of material welfare, but not a comprehensive measure of welfare.

Keywords: GDP; welfare; measurement in economics; macro-economic statistics; fiscal policy; macro-economic policy; economic growth (search for similar items in EconPapers)
JEL-codes: A20 C67 C82 E01 E60 O40 (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-hpe
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