Asked in a 2000 paper

The Genuine Progress indicator is ?

Correct answer: A. also known as index of Sustainable Economic Welfare per capita

  • A. also known as index of Sustainable Economic Welfare per capita
  • B. GDP plus resource depletion and environmental cost
  • C. resource depletion and environmental cost divided by GDP per capita
  • D. increasing from 1976 to 2000

Explanation

The Genuine Progress Indicator developed from the Index of Sustainable Economic Welfare and adjusts consumption for inequality, environmental damage, and resource depletion. These environmental costs are deducted rather than added to GDP, ruling out option b.

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