Question
In reponse to much criticism about the reliance on GDP measures for public policy, Aotearoa New Zealand's government announced a few years ago that it
In reponse to much criticism about the reliance on GDP measures for public policy, Aotearoa New Zealand's government announced a few years ago that it will instead focus on wellbeing. It developed the Living Standards Framework (LSF) which includes a range of indicators for the different components making up the LSF. It also issues annual Wellbeing Budgets, setting out the government's priorities for the budget, with the express mission to maximize the welfare of Aotearoa New Zealand's citizens. The current Australian government has been talking about implementing similar measures here in Australia. Now consider the following chart which relates the density of IKEA furniture stores in a country to its 2020 Happiness Index Score:
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