TED-Ed: What's the best country to live in? | TED-Ed

The video discusses the limitations of GDP as a measure of well-being, highlighting its inability to account for distribution of wealth and non-market services. It introduces alternative metrics like Gross National Happiness and the Human Development Index, which consider factors like health, education, and environmental sustainability. The video concludes by advocating for a dashboard approach to better capture a nation's well-being.

What was the original purpose of GDP when it was created by Simon Kuznets?

• To measure the well-being of a country's citizens

• To assess the distribution of wealth within a country

• To gauge the size of an economy in a simple way

• To determine the environmental impact of economic activities

Why does GDP per capita not accurately reflect individual well-being?

• It does not consider wealth distribution

• It accounts for environmental sustainability

• It includes non-market services like education

• It measures only the production of goods

What is Gross National Happiness and what does it measure?

• A metric considering health, education, and community strength

• A measure of technological advancement

• A measure of a country's military strength

• A metric focusing on economic output

Which country is mentioned as having made significant progress in balancing economic growth with sustainability?

• Costa Rica

• India

• China

• United States

What approach do experts increasingly favor for measuring a country's well-being?

• A focus on GDP growth

• A single number approach

• A dashboard approach considering multiple factors

• An emphasis on military expenditure