Genuine progress indicator (GPI)

Answers

The Genuine Progress Indicator (GPI) is an economic measure developed in the mid-1990s as an alternative to Gross Domestic Product (GDP). The goal of GPI is to measure the economic health of societies focusing not correspond with monetary activities but on environmental and social wellbeing. GPI is composed of twenty-six social and environmental categories, measuring twenty-three positive indicators such as income earned and resources conserved, and offsetting three negative indicators including pollution and other costs. It provides a more comprehensive overview of economic sustainability than traditional GDP measurements. GPI has been used by governments and other organizations to measure progress directly and indirectly, in addition to GDP.

Answered by Tracy Parker

We have mentors from

Contact support