Parents take their children camping is a gpi or a gdp

Physics

1 answer:

prohojiy [21]2 years ago

8 0

Parents take their children camping increases GPI.

An indicator of economic development and prosperity at the national level is the genuine progress indicator (GPI).
A statistic called the Genuine Progress Indicator (GPI) has been proposed to replace or augment the gross domestic product (GDP). The GPI incorporates environmental and social aspects that are not captured by GDP in order to more fully account for a nation's well-being, of which only a portion is related to the size of the nation's economy.
The GPI distinguishes between the ideas of societal advancement and economic expansion.
The GPI makes an effort to quantify whether the social and environmental costs of economic output and consumption in a nation are detrimental or beneficial to people's general health and well-being.
From the standpoint of green or social economics, GPI is thought to be a better indicator of growth.

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