If an economist wanted to include the loss of wetlands in their measurements of the economic wellbeing of their country what indicator should they use?Human Disturbance IndexHuman Development IndexGross National Happiness IndicatorGenuine Progress indicatorIndex of Sustainable Economic Welfare
Question
If an economist wanted to include the loss of wetlands in their measurements of the economic wellbeing of their country what indicator should they use?Human Disturbance IndexHuman Development IndexGross National Happiness IndicatorGenuine Progress indicatorIndex of Sustainable Economic Welfare
Solution
The economist should use the Genuine Progress Indicator. This indicator adjusts the Gross Domestic Product (GDP) by adding positive contributions not covered in GDP (like volunteer work and household labor) and subtracting negative impacts like loss of wetlands, pollution, and other environmental degradation.
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