Mentors Comments: 1. Define GDP and highlight its significance as an economic indicator. 2. What issues are raised in using GDP as a standard? 3. Provide alternatives to GDP and give a futuristic solution Answer: Gross Domestic Product (GDP) is one of the most widely used measures of an economy’s output or production. It is defined … Continue reading The excessive focus on the numbers of GDP takes us away from the quality of living. Discuss the need to move away from GDP as an indicator of economic growth. (15 Marks)