Question
Recently, some people have been critical of GDP and question its usefulness as a macroeconomic statistic. One notable critic was Andrew Yang, a candidate in
Recently, some people have been critical of GDP and question its usefulness as a macroeconomic statistic. One notable critic was Andrew Yang, a candidate in the 2020 democratic presidential primary. While he did not win the nomination, he did get people thinking about alternative ways to measure thehealth of the economy like the "American Scorecard" explained here:https://www.yang2020.com/policies/measuring-the-economy/
1. Is GDP per capita still a useful macroeconomic statistic for measuring well-being?
2. Which of the criteria for the "American Scorecard" link is most important to an individual's well-being?
3. What other happiness indicators can be add to that list?
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