When measuring wellbeing, GDP is not the whole story

Beschreibung

The gross domestic product (GDP) is a key indicator of economic performance, and it shapes debates about growth, purchasing power, and the standard of living in Austria. It is often used to compare the quality of life across countries. WU economists Klaus Prettner and Junlai Zhang show which complementary indicators are needed to add factors like health and education to the picture and measure wellbeing more comprehensively.

Thema

WU economists show why supplementary indicators are needed in addition to GDP