3 ms·
> we can’t precisely measure life satisfaction, but we can quantify GDP per capita, which as we know can be easily faked. So the problem worthy of note with GD
by jancsika 5y ago
> we can’t precisely measure life satisfaction, but we can quantify GDP per capita, which as we know can be easily faked.
So the problem worthy of note with GDP is veracity of the figure? Not an economist, but I thought the problem was that it doesn't illuminate important aspects of the economy we'd want to know-- e.g., whether there's an increasing income disparity in the given nation.