Business Finance
United States University Week 3 Economic Development of A Country Discussion

United States University

Question Description

I’m working on a Management question and need guidance to help me study.

Two managers are discussing the pros and cons of different measures of economic development. “GDP per capita,” declares the first, “is the only true measure of how developed a country’s economy is.” The second manager counters: “I disagree. The only true measure of a country’s economic development is its people’s quality of life, regardless of its GDP.”

Based on the readings for Module above, answer the following question:

  • Why is each one of these managers is incorrect on their perspectives?

Expectations

  • Length: A minimum of 400 words, not including references
  • Citations: At least one high-level scholarly or professional reference in APA format

Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

Final Answer

Attached.

Running head: WEEK 3 DISCUSSION

1

Week 3 discussion
Student’s name
Institutional affiliation

WEEK 3 DISCUSSION

2

The economic development of a country is the measure of a country’s financial freedom
and wellbeing, as well as the quality of life of a political area, which is boosted to achieve a given
set goal (Coccia, 2018). It involves planned activities and programs that are executed to spur
economic wellness and improve the value of the life of a given nation by creating retainable wealth,
expanding budget, creation of opportunities, and establishing a good revenue base.
The economic development of a country is measured using seve...

JesseCraig (17949)
Duke University

Anonymous
The tutor managed to follow the requirements for my assignment and helped me understand the concepts on it.

Anonymous
The tutor was knowledgeable, will be using the service again.

Anonymous
Awesome quality of the tutor. They were helpful and accommodating given my needs.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4