Is GDP a good measure of economic activity and well being?

Essay from the year 2012 in the subject Economics - Micro-economics, grade: A - 70, Heriot-Watt University Edinburgh (School of Management and Languages), language: English, abstract: It is generally agreed today that a well-known indicator to measure economic activities is the gross domestic product (GDP). Although the GDP is heavily discussed in science, economics and politics it has emerged as ...