Enrichment
Is national happiness going to be a better way to measure economies than GDP, in 2020? [Year 12 Enrichment Task]
Penny Brooks
21st May 2020
Year 12 economics students are likely to have studied the various measures of national happiness, or wellbeing, as alternatives to GDP. With the GDP of the UK predicted to shrink by up to a third, and the Chancellor Rishi Sunak saying this week that we should not expect a swift recovery, this may be a good moment to evaluate the usefulness of an economic measure of national happiness, instead of GDP.
Yr 12 7 Is National Happiness Going To Be A Better Way To Measure Economies Than Gdp In 2020
You might also like
Leprechaun Economics - How real is Ireland's super-fast economic growth?
19th February 2023
UK Economy Update: Components of Aggregate Demand
25th November 2022
Macro Revision: Real Gross Domestic Product
Topic Videos
Output Gap and the Economic Cycle
Topic Videos
International Institutions (Online Lesson)
Online Lessons
Is it time to end our fixation with GDP and growth?
18th June 2019
What is GDP and why is it bad for us?
Study Notes