Is GDP the wrong yardstick for measuring prosperity?
Clip: 4/28/2014 | 9m 20s
Finding GDP alternatives to quantify ‘unpriceable’ prosperity
Gross domestic product, the total dollar value of goods and services sold in the U.S., has become fundamental to American economic policy. But there are other essential assets, qualities and conditions that GDP can't measure, like the health of the environment or society. Economics correspondent Paul Solman looks at another way of measuring progress that takes more of these variables into account.
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Problems playing video? | Closed Captioning Feedback
Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
Is GDP the wrong yardstick for measuring prosperity?
Clip: 4/28/2014 | 9m 20s
Gross domestic product, the total dollar value of goods and services sold in the U.S., has become fundamental to American economic policy. But there are other essential assets, qualities and conditions that GDP can't measure, like the health of the environment or society. Economics correspondent Paul Solman looks at another way of measuring progress that takes more of these variables into account.
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...