2014•Unpublished venueRequires access

Overview: Economic and wealth indicators

Ungc

Abstract

Gross domestic product (GDP) has been used for decades as the most important indicator of economic performance and prosperity. But the concept of GDP is increasingly coming under fire. Are we measuring completely irrelevant numbers’ Robert F. Kennedy wisely stated that GDP “measures everything except that which is worthwhile.” So which economic and wealth indicators do we have? Which are sustainable?

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Key concepts: Prosperity, Gross domestic product, Economic indicator, Economics, Real gross domestic product, Gross domestic income, Development economics, Macroeconomics