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If in 1984, measured GDP in Canada was $400 billion, and in 1985 it was $440 billion, explain why we cannot necessarily conclude that the typical Canadian’s welfare has improved by 10-percent over the

If in 1984, measured GDP in Canada was $400 billion, and in 1985 it was $440 billion, explain why we cannot necessarily conclude that the typical

If in 1984, measured GDP in Canada was $400 billion, and in 1985 it was $440 billion, explain why we cannot necessarily conclude that the typical Canadian’s welfare has improved by 10-percent over the year.

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