The conversation between human and AI assistant.
What are the indicators of GDP as a good measure of standard of living?
That's interesting, can you tell me more about the Genuine Progress Indicator?
The Genuine Progress Indicator factors in the costs of social and environmental damage and depletion, which are not accounted for in GDP. It also considers the value of leisure time, volunteer work, and other non-market activities that contribute to quality of life. However, it is not without its criticisms and requires ongoing refinement and development.