22
Dec
2023
Even Support for the Government Can Be Predicted
Nikkei Asia
Gross domestic product (GDP) has many limitations. It is an excellent measure of economic output but inadequate for anything else. Its strengths are that it is a single key performance indicator (KPI) and that it has an established credibility. Any indicator for parameters beyond GDP needs to have similar strengths. I believe that subjective well-being is a useful complement to GDP.