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measures of Econ performance
2.1.1- Econ growth
g) national happiness
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sahara
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Cards (4)
what is the UK national wellbeing scale?
National
happiness
and societal
well-being
are measured in the UK by the Office for National Statistics (
ONS
)
what does the UK national wellbeing scale focus on?
GDP
focuses on
production
happiness
focuses
on
health
,
relationships
, the
environment
,
education
, satisfaction at work and living conditions
what is the difference between real incomes and subjective happiness?
National
incomes
statistics
present
positive
data
more
national
happiness
surveys yield more
normative
data
what's the link between real incomes and happiness?
Easterlin Paradox
used to explain
link-
Happiness and increases in income have a direct relationship up to a point
Beyond that point,
relationship
is
less evident