Mr. Campbell asked us to write a letter to the editor about how GDP is a faulty indicator.
To whom this may concern,
The GDP is a faulty indicator to calculate the total market value of all goods and services during the year. This is because it treats crime, divorce and natural disasters as economic gain. It ignores the non-market economy of households and the communities. It also treats the depletion of natural capital as income and it increases with pollution activities and as well as the clean up of the pollution. GPI, Genuine Progress Indicator, is a better indicator because it includes the non-market economy of households and the communities.