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Lecture
Are you an EPFL student looking for a semester project?
Work with us on data science and visualisation projects, and deploy your project as an app on top of Graph Search.
This lecture discusses the limitations of using GDP per capita as a sole indicator of a country's well-being, exploring scenarios where higher GDP does not necessarily translate to higher welfare due to factors like regrettable expenses, inequality, shadow economy, and unpaid labor. The instructor and students analyze how different factors can impact the comparison of GDP across countries, highlighting the complexities involved in using GDP as a measure of economic activity.