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Why might rises in national income be deceptive as indications of increases in material prosperity? National income is an indicator of a nation's production, usually calculated as Gross domestic product (GDP). Although the rate of change in GDP can be used to measure economic growth, it is not necessarily a good indicator of a society's well being. This is for a number of reasons. One of the main reasons a rise in national income can be deceptive as an indication of material prosperity is inflation. If inflation rates are high in the UK, the chances are that the GDP figures will rise as the UK is an economically healthy country. The rise in national income due to inflation does not mean significant improvements in the population's well being because although they are spending more money, they are receiving the same product or service. A good example of this is public...

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