446 sats \ 3 replies \ @Bell_curve 15 Feb \ on: GDP is a Poor Measure of Economic Health econ
Government spending and employment inflate GDP.
Life expectancy, literacy rates, infant mortality, fertility rate
You could argue that all of those factors indirectly affect GDP (and in the right direction), but to the extent they are valued beyond their impact on commerce, you're right about them being major omissions.
reply
I should have been more clear: government spending can boost GDP deceptively.
The other 4 metrics are useful for scoring development and quality of life for a country regardless of GDP
reply
That's how I read your comment.
reply