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An Alternative to GDP:
GPI - Genuine
Progress Indicator
• Developed in 1995
• Attempts to measure factors
not measured by ...
Genuine Progress Indicator (GPI)
Subtracts for
• Crime = $40 billion/yr
• Pollution and loss of natural
resources
– Counts...
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Oakland Schools Economics Moodle, Unit 3, Lesson 3 GPI Slides

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Oakland Schools Economics Moodle, Unit 3, Lesson 3 GPI Slides

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Oakland Schools Economics Moodle, Unit 3, Lesson 3 GPI Slides

  1. 1. An Alternative to GDP: GPI - Genuine Progress Indicator • Developed in 1995 • Attempts to measure factors not measured by GDP • Adjusts for income distribution • Focuses on economic well- being not monetary transactions • Adds for – Increase in leisure and vacation time – volunteer and non-market work
  2. 2. Genuine Progress Indicator (GPI) Subtracts for • Crime = $40 billion/yr • Pollution and loss of natural resources – Counts $1.2 billion in toxic clean-up costs decrease • Health care expenditures for preventable illness – Heart attacks – High blood pressure • Loss in infrastructure – From natural disasters or war • Foreign debt counts as negative – GDP can count as positive government spending

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