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Population, Economic Growth, and Well-Being: A Critical Analysis of GDP as an Indicator
Abstract This paper examines the relationship between population growth, supply-demand dynamics, and economic growth as measured by Gross Domestic Product (GDP). While GDP is widely used as a primary indicator of economic performance, it fails to capture true societal well-being. Through a review of historical trends, contemporary examples, and theoretical analysis, we demonstrate that GDP growth can mask stagnation or decline in real quality of life. We argue for more holistic indicators that integrate population, productivity, demand, sustainability, and well-being.
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