Are We Measuring Economic Performance Correctly? The Case of GDP vs Well-Being
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Economic performance has traditionally been measured using Gross Domestic Product (GDP), a metric that quantifies the total value of goods and services produced within a country over a specific period.
While GDP has served as a cornerstone of economic growth and output analysis for decades, growing criticism suggests that it may not fully capture the complexities of modern economies or the true well-being of their citizens.
We speak to Professor Carel Van Aardt – Director of Research at the Bureau of Market Research for an in-depth look at this critical question.
While GDP has served as a cornerstone of economic growth and output analysis for decades, growing criticism suggests that it may not fully capture the complexities of modern economies or the true well-being of their citizens.
We speak to Professor Carel Van Aardt – Director of Research at the Bureau of Market Research for an in-depth look at this critical question.
