Does GDP describes your personal economic well being
Well being refers to the feeling of being happy, healthy and comfortable according to Kathleen and Thesia, (2005). However, this depends with what we do with it since it is evident that usually people may feel well in various different ways. In most cases, factors to be considered include social environment, surrounding (house), health and personal realization which include hobbies and work place, to determine well being.
However, some people tend to think it is impossible to feel well with no swimming pool, a Porsche, or a ticket to travel round the world in a year. Thus, well... Gross Domestic Product Gross domestic product (GDP), also known as gross domestic income, refers to the country’s ...