Is GDP still the best measure of a country’s prosperity?

Today was when the White House announced the estimated GDP for the first quarter of the year. While GDP (Gross Domestic Product) is still the fundamental measure for economic growth here and around the world, many question whether it’s an adequate measure of well-being and prosperity, especially since it doesn’t take into account the health of people and the environment.

The PBS Newshour explored this topic in Monday night’s broadcast. My home state, Maryland, was profiled as the first state to adopt a new metric, the Genuine Progress Indicator (GPI), made up of 26 different factors, nine of them environmental.