Explain at least three factors economists consider the measurement of success, or shortcomings, of the economy? and give examples.

Alas, nothing is perfect. And GDP is no exception. As much as economists like to use GDP as a measure of output, or even as a measure of a country’s well being, GDP has some limitations when trying to answer those questions. GDP leaves out some production in an economy, such as the squash your mom might grow in the backyard, or other non-marketed goods. Even though GDP is frequently used to capture the wellbeing of a society, it was never intended to do that, and as a result it leaves out important aspects of well-being like pollution or even happiness.

Explanation:

american political culture includes a plenty of focus views and preferences. not all westerns experience the same opinions, of course, but the large preponderance promises to these general ideas, including equality, justice, freedom, individualism, integrity, and difference.

the united states is a democratic republic. residents elect representatives to governmental, nation, and local administration; those deputies create the regulations that command u.s. community. although emptiness in u.s. law needs it, in usage, the administrative system is ruled by executive factions.