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by smallnamespace 3220 days ago
Why is total GDP the correct metric, if per capita GDP is on the rise?
2 comments

The provincial government in my home province of British Columbia, Canada, is developing a genuine progress indicator (GPI) to replace the GDP metric, which was the idea of the BC Green Party. The point made here is that GDP is a very imperfect solution. Christy Clark may have boasted about BC's booming economy by pointing to GDP numbers, but do they explain the whole story?

I know that's neither here nor there, however.

Per capita GDP will rise if population remains unchanged or declines.