Economic within economics. All countries aspire to improve the standard of living of their citizens, but this is of critical significance for those countries in the world that have remained less developed, in spite of years of stagnation and in the presence of high levels of poverty and inequality within society.
It is important also that as economists we are able to identify which countries are struggling to develop and to monitor whether progress is being made over time. The question to be discussed here explores some of these measurement issues. Although this question was set in the last year of the legacy A-level specification, the issues are part of the new version, so the discussion of the responses is still relevant.
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