"Gross domestic product was never intended to be a measure of national well-being". Should policy makers instead target border measure of societal progress?

By analyzing the income health GDP is considered as the accurate measures of the economics of well-being from the 1940s. The output of the total economic can be measures by the GDP for business, individual and government.  GDP also considered as the tangible way for measuring the state of economy.  Many experts and economist have predicted the GDP as the best measures for measuring the economics of well-being.  Just like as GDP is not considered as the good measures of the economics of well-being and it fails to describe the quality of the services and goods.  

            The reduction of the unpaid jobs and natural resources are not important; as responsibilities of the households. Meanwhile this criticism can be well founded by the various economist and researchers. The correlation of the GDP and many measures of the economic wellbeing has been conducted.  These few measures are include as the life expectancy at birth and infant mortality rate theses both measures are captured by discussing the few aspects of the life. These all variables are correlated with each other by checking the accuracy of the measure which is the best match for measuring the economic wellbeing. There are many factors which are using as the measure of the wellbeing economic from which one is the consumption (Ulfah, 2015).

Currently in many economies of the different countries GDP is criticized being the measure of the well-being economy because it can only measures the production and growth of the well-being at internal level because GDP cannot measures the economy of the well-being at international level due to the various cultural change and life style changes. Such as, the average age of the Asian people are taken as the 60 to 70 years whenever the average age of the European being is recorded as the 80 to 90yaers. So this statement shows the GDP cannot be the good measures of the economic well-being.

From these four indicators the life at expectancy is taken as the best measures of the economics of wellbeing and it can defined as the average numbers of the years which is expected by the newborn for living. The current mortality rate arte always considered as the constant.  The overall mortality levels of the population are always reflected by the life expectancy.  Life expectancy also reflected the other indicators for measuring the general health of country as well as economic of the well-being.

The below given map is showing the life expectancy is representing as greatest in Australia Chile, parts of Europe,  Canada, United States and many other developed countries. This graph is also describing the lower expectancies just like as Asian and African countries. This rate is showing as the good measures for economic well-being of the developed countries but the developing countries are involved in criticizing it. The life expectancy is the good measures of the economic well-being because living age of the individuals can be taken as the measures of the economic development (Fredblog, 2018).

This all analysis is conducted for the years of 2015. It also shows the GDP of the developing and developed countries. Which are discussing about the life expectance rate of these countries it shows those countries which have higher rate for the GDP their expectancy rate is also high. The expectancy rate is used to measuring the economic health for the countries.

bbc.co.uk. (2018). Social Indicators. Retrieved from https://www.bbc.co.uk/scotland/education/int/geog/health/development/social/index.shtml

Fredblog. (2018). Is GDP a good measure of well-being? Retrieved from https://fredblog.stlouisfed.org/2017/09/is-gdp-a-good-measure-of-well-being/

Ulfah, R. (2015). Understanding the Prevalent Use of GDP. . edepot.