- When was GDP developed? What was its purpose?
- What is the criticism that the author and other economists are making of GDP as a measure of progress?
- Why is GDP still used so widely?
- Analyze 3 other indicators that could be used to measure a country’s progress. Use an organizer similar to below. You may need to research some information on the internet to complete it.
Name of indicator and what it stands for
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Who has developed it?
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What does it include?
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Canada’s ranking
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HDI
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GPI
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HPI
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5. Name 2 things someone in your family did this week that contributed (directly or indirectly) to GDP.
6. Name 2 things someone in your family did this week that is of value but would not be counted in the GDP.