Judgement and decision making Essay Example | Topics and Well Written Essays - 500 words - 2

Judgement and termination making - Essay Examplehe function of gross domestic product focuses on the economic advantage and consciousness in order to provide appropriate actions and programs that will ameliorate and develop the economic state of the rural for the betterment of the people. Consequently, with the use of gross domestic product as a basis for economic legislations, a number of economists and researchers get implicated the role of GDP in measuring the sound being among people (Harvie, Slater, Philip, & Wheatley, 2009 R. Brinkman & J. Brinkman, 2011).Samimi and Darabi (2011) noted that the association of GDP and human well being is evidently seen on the economic situation of the people, whether they are in the best or worst see. The GDP determines the revenues and liabilities of the country that flow internally and externally from the economic encourage of the country. Hence, the identification of the countrys GDP will help people to recognize ways and nitty-gritt y to enhance and develop the economic condition of the country and in turn create beneficial do to the people. Hence, the economic policies that mirror from the GDP will create an advantage and positive interest to the people in order to experience satisfaction and contentment in life (Osberg & Sharpe, 2002).van den Bergh (2009) implicated that GDP has a number of lapses when predicting the well being among the general population of the country. Generally, there are still new(prenominal) external factors that could predict the high level of subjective well being among people, and GDP is just of indicators to well being. Particularly, the GDP only focuses on the annual income of the country to forecast the well being of the people however, the GDP cannot capture the adaptation phenomenon that people will experience after they have adjusted to their lifestyle and condition in life. For example, people who felt happiness after winning the sweepstakes are much likely to buy the farm the feeling of happiness after a period of time (Hilts, 1999). Hence, well being is not more about the