Genuine Progress Indicator (GPI): Definition, Formula, Vs. GDP
3:59
YouTubeSimple Explain
Genuine Progress Indicator (GPI): Definition, Formula, Vs. GDP
The Genuine Progress Indicator (GPI) is a metric used to measure the economic growth of a country and is considered an alternative to the more well-known gross domestic product (GDP). It accounts for environmental and social factors, making it a better measure of growth from the perspective of green or social economics. However, some critics ...
2.1K viewsJan 30, 2024
Genuine Progress Indicator Explained
Does High GDP Mean Economic Prosperity?
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Today, the House debated our amendment to add the Genuine Progress Indicator to budgetary reporting. It would provide a more accurate assessment of economic well-being. GPI will help us identify the gaps and barriers preventing our most vulnerable communities from thriving. | Rep. Ilhan Omar
3:40
Today, the House debated our amendment to add the Genuine Progress Indicator to budgetary reporting. It would provide a more accurate assessment of economic well-being. GPI will help us identify the gaps and barriers preventing our most vulnerable communities from thriving. | Rep. Ilhan Omar
FacebookRep. Ilhan Omar
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