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TMK 2 ABDI

The document discusses some limitations of using GDP to compare the prosperity between countries. It argues that GDP is an inadequate measure of welfare as it fails to account for inequality, environmental factors, and sustainability. While GDP measures overall economic output, it does not reflect how income and wealth are distributed in a society. It can also distort policies by overemphasizing economic growth over other important factors like environmental quality and sustainability. A country's GDP says little about the actual well-being of its citizens.

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Anggoro Prayogi
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0% found this document useful (0 votes)
231 views3 pages

TMK 2 ABDI

The document discusses some limitations of using GDP to compare the prosperity between countries. It argues that GDP is an inadequate measure of welfare as it fails to account for inequality, environmental factors, and sustainability. While GDP measures overall economic output, it does not reflect how income and wealth are distributed in a society. It can also distort policies by overemphasizing economic growth over other important factors like environmental quality and sustainability. A country's GDP says little about the actual well-being of its citizens.

Uploaded by

Anggoro Prayogi
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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BUKU JAWABAN TUGAS MATA KULIAH

TUGAS 2

Nama Mahasiswa : ANGGORO PRAYOGI

Nomor Induk Mahasiswa/ NIM : 049220347

Kode/Nama Mata Kuliah : ADBI4201/Bahasa Inggris Niaga

Kode/Nama UPBJJ : 47/Pontianak.ut.ac.id

Masa Ujian : 2022/23.2(2023.1)

KEMENTERIAN PENDIDIKAN DAN KEBUDAYAAN


UNIVERSITAS TERBUKA
ADBI4201-3

NASKAH TUGAS MATA KULIAH


UNIVERSITAS TERBUKA
SEMESTER: 2022/23.2 (2023.1)

Fakultas : FHISIP/Fakultas Hukum, Ilmu Sosial dan Ilmu Politik


Kode/Nama MK : ADBI4201/Bahasa Inggris Niaga
Tugas 2

No. Soal
1. Untuk TUGAS 2 ini anda akan diberikan pilihan topik untuk membuat sebuah essay dengan
panduan sbb:

1. Buatlah essay dengan paling tidak 3 paragaph (1 buah paragraph awal, 1 buah paragraph isi dan 1
buah paragraph penutup).

2. Tulislah jawaban anda pada rentang antara 150-200 kata.

3. Jawaban essay diketik dan dikirimkan ke Forum Tugas dalam bentuk Word.

Pilihlah salah satu topik berikut:

A. First mover can gain customer loyalty easily


Do you agree or disagree to the statement?

B. GDP is not perfectly suited for country to country comparisons.


Do you agree or disagree to the statement?

C. Investment in health care system is more important than education system to develop human
capital
Do you agree or disagree to the statement?

1 dari 1
Disagree If GDP is always used as a parameter of a country's prosperity.

Gross Domestic Product (GDP) is an index of a country's overall economic output accounting for,
among other things, factory output, farmer harvests, retail sales, and construction spending. All
these calculations are usually carried out within a certain time span, for example a year. This is a
number which then functions to condense the breadth of the national economy into a single data
with an unusually large density. The general assumption about GDP is that the bigger the number,
the more prosperous the country and its people will be. That's not the case though. For decades,
experts have criticized this single measure of the national economy—speaking that it is a misleading
measure. Recently, the challenges to GDP have been getting stronger, especially in Europe and
countries that are members of the Organization for Economic Cooperation and Development
(OECD). According to them, GDP not only fails to reflect the real welfare of society, but also
distorts global political goals towards the pursuit of economic growth alone.

Based on research / identification of several limitations of GDP to describe the level of community
welfare, such as: (1) When there is a large inequality in society (in terms of income distribution),
GDP or other indicators presented per capita (per person) cannot describe the actual condition in
public. For example, when 20 (twenty) percent of group members experience an increase in income
up to three times what they currently earn, GDP will increase, even though in fact, say, 30 (thirty)
percent of group members in the lower quartile are in a 'deplorable' state. Statistics based on the
mean (mean) fail to capture social phenomena in society. In cases like this, the median value better
describes the real condition of the community. (2) The statistical tools used in the calculation of
GDP also fail to capture several phenomena that can improve the welfare of citizens. The
Commission illustrates that traffic congestion increases the value of GDP due to more fuel
consumption. Furthermore, if citizens are concerned with noise pollution, air pollution, and even
climate change, then statistical measurements that deny these factors clearly fail to capture true
'well-being'. Then, (3) the presentation of statistical facts often leads to misinterpretation of trends
in economic phenomena. For example, GDP is overvalued, whereas the Net National Product (GNP)
which takes into account the depreciation factor may be more relevant.

The fact that GDP is an inadequate unit to measure the level of welfare from time to time, especially
with regard to the economic, environmental and social dimensions makes the Commission have the
main task to unravel the current limitations. These factors are more commonly referred to as aspects
of sustainability (sustainability). Distinguish between an assessment of current well-being and an
assessment of sustainability. The first is more related to economic resources, such as income and
non-economic aspects of people (what they do, feel, and the environment they live in). Meanwhile,
sustainable welfare is based on the question: "Can the current level of welfare be passed on to the
next generation?". The ability to inherit the current welfare is highly dependent on the continuity
and sustainability of human capital reserves themselves (environmental, physical, human, and
social).

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