Tag: genuine progress indicator

This quiz aims to assess your understanding of alternative measures of economic welfare, which go beyond traditional GDP-based measures to capture various aspects of societal well-being.

The Genuine Progress Indicator (GPI) is a comprehensive measure of economic progress that takes into account both economic and social factors. It was developed as an alternative to traditional measures of economic growth, such as Gross Domestic Product (GDP), which are often criticized for failing to capture the true well-being of a society.