Case study:

• "The phrase 'gross national happiness' was first coined by the 4th King of Bhutan, King Jigme Singye Wangchuck, in 1972 when he declared, "Gross National Happiness is more important than Gross Domestic Product." The concept implies that sustainable development should take a holistic approach towards notions of progress and give equal importance to non-economic aspects of wellbeing."
• http://ophi.org.uk/policy/national-policy/gross-national-happiness-index/
• Discuss why you think it is important to focus on GDP growth, or why you think is not important.

Please use the economics concepts of GDP, Unemployment and Inflation to discuss about this case.