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People keep coming up with alternate measures and then finding that they correlate pretty well with GDP
by colonCapitalDee 1y ago
People keep coming up with alternate measures and then finding that they correlate pretty well with GDP
- CGMthrowaway 1y agoAnd why shouldn't they? I would expect the components of GDP to correlate with living standards even if GDP does not measure it as accurately as possible. The best-known alternative I am familiar with is HDI, here is a scatterplot vs GDP: https://ourworldindata.org/grapher/human-development-index-vs-gdp-per-capita https://ourworldindata.org/grapher/human-development-index-v...