logoalt Hacker News

gadderslast Friday at 10:39 AM2 repliesview on HN

GDP per person should be the measure. The UK managed to make GDP go up while making GDP per person go down.


Replies

p0pularopinionlast Friday at 11:16 AM

GDP is not useful to measure how good an economy works. The core problem of GDP is that it does not account for usefulness of spending.

GDP also ignores volunteer work and other non market transactions, completely dismisses externalities for health and the environment, and also has no indication of the distribution of said wealth.

show 1 reply
BrenBarnlast Friday at 10:54 AM

GDP per capita has basically all the same problems.

show 1 reply