The Working Experience

254. Does GDP translate into quality of life?


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The GDP is often used to measure the well-being of a nation. However, it only measures the "gross", not the "net". Such costs as the impact of the manufacturing of cars on the environment and the costs of income inequality are not factored into the equation. There is more to people's well-being than producing goods.

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The Working ExperienceBy John Brancaccio | Matt Kerr

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