Why GDP doesn’t provide an accurate depiction of the global economy

We measure the status of our society through the calculation of GDP.  The problem is GDP is counted using a calculator that only adds. Costs and benefits are tallied without discriminating between productive and destructive activities, so if a county’s crime crime rate increases, its GDP rises through a stimulus of anti-crime spending. If you take a look at this alternative measure, you’ll see exactly what’s wrong with using GDP to measure the health of the global economy.

Solution News Source

Why GDP doesn’t provide an accurate depiction of the global economy

We measure the status of our society through the calculation of GDP.  The problem is GDP is counted using a calculator that only adds. Costs and benefits are tallied without discriminating between productive and destructive activities, so if a county’s crime crime rate increases, its GDP rises through a stimulus of anti-crime spending. If you take a look at this alternative measure, you’ll see exactly what’s wrong with using GDP to measure the health of the global economy.

Solution News Source

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