What’s the best country to live in?
Let’s Begin…
What’s the best country to live in? Is it the one with the best food? The longest life expectancy? The best weather? For the past 70 years, most governments have relied heavily on a single number: the Gross Domestic Product, or GDP. But it was never intended for its current purpose; and some argue that we are addicted to making it grow. Explore the different ways countries measure quality of life.
Explain the pros and cons of using GDP to measure a countries well-being.
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About Economics Explained
Economics has had a huge impact on the world we live in—and understanding the key factors at play in these massive, interconnected systems can give us insight into how to make them better, stabler, and more equitable. Dig into these quick and compelling explainers from TED-Ed and World Economic Forum for a taste of economics in action.
Meet The Creators
- Video created by TED-Ed
- Lesson Plan created by TED Ed
