1. What is the difference between an intermediate good and a final good? Why do we care?
The difference between an intermediate good and a final good is that final good are for consumption or investment meaning that that will probably be the last time this good is being passed around where as an intermediate good is those goods which are used either for resale or for further production in the same year so that means that they will still be passed on.
2. Is GDP a good measure of well-being? Why or why not? What is missing? Has what is missing changed over the years? (For example, if improvements in products are not counted, is that more important now than it was a few decades ago?)
The GDP pretty much just views and sets the values of goods and services used for our homes so no it is not a good measure of well-being because it is used just for making good measures and figuring out what prices people have to pay for certain things . Overall Im not really sure what else you could add.
3. What do you think of other measures such as Gross National Happiness pr Gross Progress Indicato
I think that it would be very nice to see them all work together or just have them merge to one to be able to help out the well being of people and try to maximize the productivity of making peoples lives little better.
Macroeconomics 