"[GDP] counts special locks for our doors and the jails for the people who break them. It counts the destruction of the redwood and the loss of our natural wonder in chaotic sprawl. It counts napalm and counts nuclear warheads and armored cars for the police to fight the riots in our cities...

Yet the [GDP] does not allow for the health of our children, the quality of their education or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages, the intelligence of our public debate or the integrity of our public officials.

It measures neither our wit nor our courage, neither our wisdom nor our learning, neither our compassion nor our devotion to our country, it measures everything in short, except that which makes life worthwhile."

--Robert F. Kennedy, March 18, 1968

1. Explain the limitations of using GDP to measure the true standard of living in a country.

1. Some economists have suggested incorporating a measurement of happiness into GPD. Identify two specific measurements that could be used to capture happiness in GDP.