GPI (Genuine Progress Indicator)

A recent (1990s) indicator developed to correct acknowledged deficiencies in the GDP that don’t account for all costs or benefits of human activities. It is an attempt to provide a more accurate (quality of life) indicator for people than the GDP does for governments and corporations. For example, natural catastrophes and industrial accidents contribute to growth of the GDP (due to increases in labor and capital expenditure) without accounting for... Read More