Going beyond GDP to measure economic health
A container ship is docked at the Port of Oakland October 30, 2008 in Oakland, California.
When it comes to measuring the health of a country's economy, using the nation's Gross Domestic Product is often the barometer of choice. But as more dollars change hands, why aren't the outcomes always better?
There's a new listing of 132 countries out today that uses 54 different indicators that together measure how well a country is doing in giving its citizens good lives. It's called the Social Progress Index. Michael Green, CEO of the Social Progress Imperative, says that although GDP is important, it doesn't tell the whole story. He joins Marketplace Morning Report host David Brancaccio to discuss the report.