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What is an important feature of the Genuine Progress Indicator?

Focus solely on economic transactions

Assessment of social well-being and environmental health

The Genuine Progress Indicator (GPI) is a comprehensive measurement tool that goes beyond traditional economic indicators such as Gross Domestic Product (GDP). It includes assessment criteria that account for social well-being and environmental health, making it a more holistic approach to evaluating a nation's progress.

The GPI takes into consideration various factors that contribute to the overall quality of life, such as leisure time, volunteer work, and income distribution, as well as environmental costs associated with economic activities. By incorporating these elements, the GPI provides a more accurate reflection of how economic activities impact the community and the planet, as opposed to merely focusing on financial transactions, which can obscure the true state of well-being and sustainability.

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Measurement based on GDP growth alone

Emphasis on individual wealth accumulation

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