GDP outdated as wellbeing indicator
At last even the EU commission is going beyond GDP as an indicator of standard of living, wellbeing and life quality etc:
"The Commission is working on a new tool to measure the wealth and wellbeing of countries beyond the traditional GDP. The new tool will aim to measure 'true' progress, taking environmental and social indicators into consideration."
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Labels: ecological footprint, GDP, indicator, life quality, wellbeing