GDP Paper Essay Example | Topics and Well Written Essays - 1000 words

gross domestic product Paper - Essay ExampleThese countries are non democratic, do not uphold gender e fiber and have been repeatedly cited by Amnesty International for human rights abuses (Amnesty International, 2006). In direct comparison, the United States, capacious Britain and France, to name but a handful, are all democratic nations which uphold gender equality. While they have been cited for human rights abuse, they have been at a importantly much lower rate than the previously mentioned nations (Amnesty International, 2006). Yet, in accordance with GDP per capita statistical measures, these countries rank as the seventh, the twenty-first and the twenty-fifth on the global GDP scale (IMF, 2008). This is a clear indication of the extent to which GDP contributes to in perfect readings of national development status and, indeed, fails to provide an accurate reading of the living standards and quality of life enjoyed, or suffered, by populations. As the weakness of GDP ultimatel y lies in that which it does not measure, it needs to be supplemented with poverty king, human development index and gender development index measures.GDP is a weak statistical indicant of national development ... As may be deduced from the foregoing, t herefore, it does not detach between the rich and the poor, thereby indicating poverty levels and, does not numerate literacy and gender equality levels, to name but a few critical indicators. Added to that, and as cantillate (2008) explains, in its calculation of the total amounts spent on healthcare in a given country within a specified time frame, it interprets high expenditure levels as a positive indicator of well being rather than as an indicator of possibly worsening health conditions. The implication here is, therefore, that not only does it exclude critical indicators from its measurement of national developmental and scotch status but, that the GDP and the GDP per capita measures are inherently incapable of providing an accurate indicator of economic and developmental status because the measure is non-discriminatory and tends towards generalizations.Even though GDP and GDP per capita fail to provide an accurate picture of a countrys economic and developmental status and most certainly do not reflect the standards of living enjoyed by populations in question, the measurement has its uses. It may not accurately calculate standards of living and economic well-being but it is an indicator of the size of an frugality (Ezcurra, 2007). Through the calculation of the monetary value of the goods and services which are produced within the economy and the financial exchanges which occur therein, the measure quite accurately conveys the size of the economy and by calculating the said size in relation to per capita income, it functions as an indicator of whether or not the economy has the capacity to sustain and maintain its population or not (Ezcurra, 2007).