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Difference between Gross domestic product and Gross domestic happines
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Section2 Group 24Titah Laksamana, Tim Tian, Robin Ni, Flora Huang, Diana Min
GDP and Happiness
2
Question 1
Robert Kennedy was right!
We really care about GDP, because it:
• partly measures comprehensive national power, showing how rich and
powerful a region or a country is.
• is a very important indicator of the comprehensive economic
development level for a certain region or a country.
• gives people the minimum standard of living when GDP is in a
appropriate level.
• measures part of the happiness
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Question 2
GDH
Living Standards
Education
Health
Ecological diversity
and resilence
Good GovernanceTime use
Cultural Diversity
Community Vitality
Psychological Well -
being
What is GDH/ GNH?• It is firstly used by Bhutan
Government• It has 9 Domains and 33 Categories• Each of categories has different
weight • Used different threshold to measure
“not yet happy people” and “happy people”
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Question 2
We prefer GDP over GDH because several reasons:
• GDP is objective measurement, reflecting status quo of national economy.
• GDH domains and indicators are relatively subjective
• Difficult to get an accurate quantitative measurement on happiness
• Government may be able to change GDH result to suits their interest
• Difficult to assess happiness and progress in other countries
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Question 3Happiness Rank in
2012 City GDP(RMB billion)
1 Lhasa 26
2 Taiyuan 231
3 Hefei 416
4 Tianjin 1289
5 Changsha 640
6 Hohhot 102
7 Shijiazhuang 450
8 Jinan 350
9 Yinchuan 114
10 Chongqin 1146
Shanghai 2010
Beijing 1780
Guangzhou 1350
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Question 3
High GDP in China is always means:
• People in high GDP areas or countries often work much harder than in low GDP areas.
• Human nature is greedy. People feel less happy in advanced area because they know
more and then want more.
• Serious environment pollution.
• Abandoning sustainable development.
• Labor intensive industries.
• Low-end work such as manufacturing companies.
All these will probably reduce people’s sense of happiness!
GDP can not measure the quality of life!
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