How slowing population growth and an eventual population peak will lead to competition for foreign workers, potentially higher inflation, and ultimately the need to transition to a steady-state economy rather than one based on constantly producing more. Topics covered include: Show Notes World Population Prospects 2022: Summary of Results—United Nations Department of Economy and Social AffairsFive Key Findings from the 2022 UN Population Prospects by Hannah Ritchie, et … [Read more...]
282: Is GDP the Best Measure of Happiness and Well-Being?
How to Calculate GDP Gross domestic product (GDP) is the monetary value of a nation’s output. Output means the value of goods and services produced over a given period both in nominal terms, but also in real or inflation-adjusted terms. GDP does not measure the number of goods and services produced, but the value of those goods and services in dollars or some other currency. GDP cannot be observed directly. Instead, government statisticians estimate the value of GDP by either calculating … [Read more...]
