Is the state of the USA designed to replace the GDP with a primary measure of economic performance?
Economists and policy makers around the world echoes that sentiment that the GDP does not capture the economic performance of a country.
Talberth (2010) said that a replacement of GDP as a measure of economic performance must have these characteristics,"(1) it should measure genuine economic welfare, not just economic activity, and (2) it should indicate the ...
Gross domestic product (GDP) has a number of limitations in capturing real economic growth. Genuine Progress Indicator or GNI promises a more comprehensive and realistic measurement.