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New Zealand Ditches GDP For Happiness And Wellbeing
Recently, GDP has come under scrutiny as a planning tool, with some decision-makers turning instead to the Happiness Index, a marker that focuses on the wellbeing of the citizens rather than an economic bottom line. This Index would help governments use their budgets with the aim to increase the welfare of its citizens instead of the nation’s Gross Domestic Product . Gross Domestic Product (GDP) has always been a dependable tool for economic discussions, an index that is used to determine the health of an economy and the wellbeing of a nation. GDP is a measurement of the value of finished goods and services within ... (full story)