Should GDP growth be the only metric to base national prosperity?

Name: Should GDP growth be the only metric to base national prosperity?
Uploaded: Aug 27, 2021 PDT
Duration: 1 min 54 s
Description: Economists and statisticians use several methods to track economic growth. The most well-known and frequently tracked is the gross domestic product (GDP). Over time, however, some economists have highlighted limitations and biases in the GDP calculat...

August 27, 2021 05:01 PM AEST

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Economists and statisticians use several methods to track economic growth. The most well-known and frequently tracked is the gross domestic product (GDP). Over time, however, some economists have highlighted limitations and biases in the GDP calculation. Dr. Richard Hames, Senior Policy Advisor for the New Liberals tells us if GDP growth can be the only metric to base national prosperity. Watch this video for more!