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 is the primary purpose of Gross Domestic Product (GDP) as described in the text?

How does GDP per capita provide a distorted picture of a typical person's wealth?

What alternative metric did King Ying of Bhutan propose to measure well-being?

What are some factors that the United Nations Human Development Index takes into account?

Why do experts favor a dashboard approach over a single number for measuring quality of life?