Discuss the relationship between the level of GDP and economic well-being.
What factors of well-being are missing from the GDP?
Is there a point where the GDP could increase to such a high level that economic well-being could be compromised? If so, describe some of the opportunity costs associated with maximizing the GDP.
Usually, a high GDP per person correlates with high levels of economic well-being. The more a country produces, the more money they have as a whole. The more money you have, the more money you spend, which keeps the economy healthy and growing.