tag:blogger.com,1999:blog-22959333.post7840778591805288854..comments2023-09-16T12:06:04.504-04:00Comments on Economic Ramblings: Happiness IndexAnonymoushttp://www.blogger.com/profile/00826733025674909285noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-22959333.post-56002634909917790502015-09-26T13:09:05.409-04:002015-09-26T13:09:05.409-04:00In the article, the happiness index is spoken abou...In the article, the happiness index is spoken about and how it is a factor that can be used to influence GDP and the economy. The happiness index is the behavioral patterns of consumers. These factors greatly impact the economy because whether it is an event like a war, a depression, a government program, the consumers will react in some way. This reaction then will have an influence on the GDP whether it be positive or negative. So in order for behavioral patterns to be considered a factor of GDP, there needs to be a standard.<br /> -Nick ArciszewskiAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-22959333.post-61472172790958517152015-09-25T22:24:03.266-04:002015-09-25T22:24:03.266-04:00This article discusses that there is a correlation...This article discusses that there is a correlation the GDP and overall happiness. GDP (Gross Domestic Product) measures the overall activity of a country. Many economists have done multiple studies and tests to observe this correlation. GDP is the measure of the size of the economy. When GDP is high the happiness of people is high, and when the GDP is low the happiness becomes low. However I believe that some of these results are quite inaccurate. I believe that the GDP isn't the factor that should determine the well being of people. The well being of an upper class citizen is going to differ from the well being of a middle class lower class person based on the GDP. Therefore the GDP can't give an exact overall representation of the overall happiness off the economy. However it would be best to keep the GDP quite high in order to keep the happiness index high.<br />-Surina Sandhu Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22959333.post-43233786282655423742015-09-25T22:14:37.035-04:002015-09-25T22:14:37.035-04:00Even though well being can be distinguished in man...Even though well being can be distinguished in many forms I agree with this article in the fact that throughout the centuries languages have been able to determine th3e sentiment of others. GDP and happiness are closely related as this article states. Even though recording sentiments wasn't a thing till the 1970's the fact that the language that were recorded before show the well being or their sentiments toward wars, depressions and even resections. At the end of the day the well being of any person is how or with what type of environment they are surrounded with and that what GDP should mostly be about. <br /><br />Manuel LlivisacaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-22959333.post-59163263374789697362015-09-25T21:59:14.498-04:002015-09-25T21:59:14.498-04:00I kind of agree with what the article say about ho...I kind of agree with what the article say about how the GDP is closely related to the wellbeing of the population. Like how in the past during the time of wars and how low the happiness index wen and affected the economy, also during the great depression. But I got to say it also depends on the work’s environment, the GDP might be high but also the wellbeing of most the workers can be low cause of a bad work environment.Anonymoushttps://www.blogger.com/profile/07804848574072786247noreply@blogger.comtag:blogger.com,1999:blog-22959333.post-42910907061556372102015-09-25T21:45:51.456-04:002015-09-25T21:45:51.456-04:00Who would have known that the countries GDP and ov...Who would have known that the countries GDP and overall happiness would be correlated. (sarcastic voice) Its obvious that if the country is effected by a crash in the stock market then the people living in the country would be "unhappy"; it's effecting them negatively. GDP measures the overall activity of a country and in this article economist are trying to measure how people feel parallel to how well the country is doing. I believe that the GDP and the overall economy is very different. The way a person feels is only a reaction to what effects them such as job creation and inflation. <br /><br />-susan aracenaAnonymoushttps://www.blogger.com/profile/08016087618621657224noreply@blogger.comtag:blogger.com,1999:blog-22959333.post-72203983553664165662015-09-25T20:59:55.155-04:002015-09-25T20:59:55.155-04:00The article shows that the country's GDP follo...The article shows that the country's GDP follows closely along with the overall wellbeing of the country's population. Research has shown that the wellbeing and happiness of people in the past has had a direct correlation to what was currently happening in the world. For example, previous stock market crashes or times of war has resulted in a decrease in the wellbeing of our country's people. Tracking the population's wellbeing is important because it shows how different times in the world can effect the economy's prosperity and why. If the population's happiness and wellbeing stays high it is more likely to result in positive economic development and activity. Anonymoushttps://www.blogger.com/profile/17781975171906781953noreply@blogger.comtag:blogger.com,1999:blog-22959333.post-50958990389133479012015-09-25T20:30:49.597-04:002015-09-25T20:30:49.597-04:00The GDP allows economist to not only measure the e...The GDP allows economist to not only measure the economic activity but the happiness index as well. This will help them to see just how well a country is doing and if they are flourishing or not. These studies will also allow the economist to take precaution for changes that are bound to occur. these changes include stock market crashes or change in the presidential office. the happiness index and the GDP react direct with each other meaning as one goes up the other does as well. Without one the other will fall, so when it comes down to outside factors effecting one of them, it effects the other as well. ultimately I think our country needs to take this relationship between GDP and the happiness index into consideration because our GDP and index don't necessarily correlate.Jeff Towlenoreply@blogger.comtag:blogger.com,1999:blog-22959333.post-64243707957219025902015-09-25T19:59:36.056-04:002015-09-25T19:59:36.056-04:00The connection between GDP and the happiness of th...The connection between GDP and the happiness of the people of that nation are very closely related. With the GDP up, the people have reasons to invest in other things besides themselves. People always say that money does not buy happiness, but in some situations that is not true. It is hard to be happy with what you are doing if you have to plan out every dollar you send. Yes even wealthy people even need some plan, but they have some wiggle room. Altough this is very true, the income has to be spent right, the in mind the eployies. Whatever benefits them, and makes the prosper, is the best route.<br /><br />-Alexander Shields Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22959333.post-60529133315571840022015-09-25T19:10:21.763-04:002015-09-25T19:10:21.763-04:00Personally, I do belive that there could be a corr...Personally, I do belive that there could be a correlation between GDP and the happiness of the people in our contry. I think it is true that when GDP goes up people will become happy, but this will only happen when businesses are treating employies well. People can be unhappy when GDP is high if they are not being treated properly at work. This is because of technology; throughout history technology has changed the way people are capable of answering questions on their own. People have always had questions but in today's age we are able to have any question answered on the internet. Therefore, people that are working for less will see much easier that they are simply being taken advantage of. This has also caused greater seperation between political views. Some parties use fear to gain support and those who need the help to gain opportunity get lost in these lies. If GDP always had a correlation to happiness than we would be one of the happiest countries in the world. In reality, we aren't and if that were to change, we must care more about happiness and education rather than just quarterly earnings and money made at the end of the day. <br /><br />- Matthew GoldenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-22959333.post-46942883592056342072015-09-25T15:12:11.406-04:002015-09-25T15:12:11.406-04:00The Happiness index is a very hard study to figure...The Happiness index is a very hard study to figure out by itself. It is done using language and comparisons between countries that I don't believe should be comparable. Countries are very hard to compare because language is completely different in the terms used and the way of life day in and day out is. If I would verify he happiness index with a correct correlation to anything it would be with the GDP and quantitative measures. When GDP is high and the economy is thriving the happiness index follows with it. The GDP and happiness index connects with the opinions of political candidates because it shows who the people feel will better the economy and government which makes the people happy. The stock market and seasons of the year are other factors because the stock market is a huge representation for how the economy is doing and many businesses are seasonal which rollercoaster as the months move along. I don't believe there is a reliable methodology to predict what will happen in the future using either method talked about in the article. There are too many loopholes and not enough consistency.Anthony Zullonoreply@blogger.comtag:blogger.com,1999:blog-22959333.post-87950247776487750542015-09-25T14:02:06.411-04:002015-09-25T14:02:06.411-04:00The happiness index and GDP are factors that affec...The happiness index and GDP are factors that affect the economy discussed in the article. GDP is measured by the economy's activity, while the happiness index is measured by how the well being of the country is doing. These factors share a common correlation. Usually, when GDP is high, so it the happiness index. When GDP is low, the happiness index is also low. In my opinion, I believe that it is important for the economy, that both the GDP and the happiness index remain high.<br /><br />-Jane KasparianAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-22959333.post-89401785263979124522015-09-24T23:29:38.402-04:002015-09-24T23:29:38.402-04:00This article shows that GDP and also happiness ind...This article shows that GDP and also happiness index are great factors of economy. When the GDP is high the happiness index is most likely high as well. These two things predict how the economy reacts to certain things. Whenever GDP drops the happiness index drops as well. <br /><br /><br />- Chelsy VenturaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-22959333.post-44101657537180997402015-09-24T22:22:37.681-04:002015-09-24T22:22:37.681-04:00This article states that happiness index and GDP a...This article states that happiness index and GDP are two main factors in the economy. These two factors can be used to predict how the economy is going to react to things like the stock market, the president, etc. GDP and happiness index are usually directly related in the sense that if GDP is high then happiness index is high, vice versa. I believe that it is important for both the GDP and happiness index to stay high. <br /><br />-Stefanie Svoboda Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22959333.post-27877443574249508602015-09-24T20:02:08.219-04:002015-09-24T20:02:08.219-04:00GDP measures the amount of economic activity. Econ...GDP measures the amount of economic activity. Economists try to measure happiness on an index that includes the well being of the country is doing. They measure the two to predict how the economy is going to react to changes like the president or a stock market change. They higher the happiness index usually the higher the GDP. A drop in either one will cause the other to react as well. The one thing economists can not predict however, are outside factors to the happiness index or GDP. I think no matter how high or high either one is the GDP can not be high without a high happiness index. We should look to see how the GDP reacts to all inside and outside factors.<br /><br />-Nicholas LewisAnonymoushttps://www.blogger.com/profile/11491665070344596512noreply@blogger.comtag:blogger.com,1999:blog-22959333.post-47207812262811574222015-09-24T16:57:23.196-04:002015-09-24T16:57:23.196-04:00The well-being of the the nation is important beca...The well-being of the the nation is important because it will be able to help economists identify how everyone reacts to affairs such as a presidential elections, stock market crashes, or natural disasters. Knowing the GDP can help but when it comes down to it, GDP is just a number and it does't have anything to do with how satisfied consumers really are. I liked what John F. Kennedy said about how GDP only tells us how well the economy is at the time, while the happiness index will tell us if consumers are content, which is essentially the most important thing.Anonymoushttps://www.blogger.com/profile/10964148216337900150noreply@blogger.comtag:blogger.com,1999:blog-22959333.post-65615832089995539582015-09-24T15:42:24.438-04:002015-09-24T15:42:24.438-04:00I personally believe that the happiness index and ...I personally believe that the happiness index and the GDP share something in common because usually when the GDP is high the happiness index is also high and when the GDP is low the happiness index is low. I believe it is important to the economy that the GDP stays at a steady high rate to keep the happiness index high as well. <br /><br />-Liam MonarchioAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-22959333.post-9582265505628590652015-09-24T15:25:51.467-04:002015-09-24T15:25:51.467-04:00My personal opinion toward this post and wellbeing...My personal opinion toward this post and wellbeing in general is that it is extremely difficult to ever come up with happiness index values that can be compared with other countries values due to different historical events. I believe quantitative measures are still the most useful as they can be easily calculated and compared. In cases where you are comparing two different countries GDPs you still have the option of converting on into the others currency. Qualitative data though I feel has different values to every single person.Anonymoushttps://www.blogger.com/profile/03139245345675803297noreply@blogger.comtag:blogger.com,1999:blog-22959333.post-42022126302179210232015-09-23T23:08:54.021-04:002015-09-23T23:08:54.021-04:00As the post points out the measurement of people&#...As the post points out the measurement of people's confidence and outlook about the economic future is a relatively new idea. Personally, I think this approach towards economic prosperity is not viable. This form of measurement varies from different economic places on Earth. Also, outside factors, such as religion and emotion exist in determining happiness for many. These are examples of qualitative data, which can be hard to accurately incorporate into economics, where quantitative data is the norm. Alexandar Dimcevskinoreply@blogger.comtag:blogger.com,1999:blog-22959333.post-80419257607946455672015-09-22T19:21:07.021-04:002015-09-22T19:21:07.021-04:00This article shows that GDP and also happiness ind...This article shows that GDP and also happiness index are great factors of econonmy. both of them feed off each other. Usually when the GDP is high the happiness index is also high. To have better well being we must develop our capacity to predict how wellbeing responds to both deliberate and unexpected events according to the article. Also according to the article Better predicting economic fortunes was the motivation of the national income. This became GDP. Basically in my oppinion GDP has nothing to do with the economy, and the government needs to educate us as citizens more <br /><br />-Marvin Jean-BaptisteAnonymoushttps://www.blogger.com/profile/08692911884793294612noreply@blogger.comtag:blogger.com,1999:blog-22959333.post-36881329138817231942015-09-21T19:54:16.033-04:002015-09-21T19:54:16.033-04:00This article discusses two of the many factors of ...This article discusses two of the many factors of an economy, GDP and the happiness index. to say that one is based on the other is not fully accurate. Within this article there can be an assumption that GDP has a direct correlation with the happiness index but evidently it is not accurate enough especially within the long-term GDP. Playing a role of the GDP is to me irrelevant when you are talking about the economy Happiness index. Misconceptions are made due to lack of knowledge of the GDP which ends up a misuse of factoring in the GDP with the happiness index. Personally i think that if it is not factored in the appropriate way than there should be no factoring the GDP in at all.<br /><br />-Nikolas FountisAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-22959333.post-53012775018075234572015-09-21T14:19:32.776-04:002015-09-21T14:19:32.776-04:00The article first discusses how the happiness inde...The article first discusses how the happiness index is a staple of the measurements that the GDP of the economy is measured. Using these measures the GDP measures that the happiness and well-being standpoint of many countries are directly correlated to times such as World War I and The Great Depression. According to the article, "If subjective wellbeing is to become a key factor in guiding our collective behaviour, then we need accounts of wellbeing on a par with those of GDP. Using wellbeing as a measure to guide behaviour, however, takes more than the desire to simply improve wellbeing." One can imply from this that it is extremely difficult to predict the general well-being of a person from an economic standpoint. With that being said, long-term GDP measurements are virtually useless, for there is no real accurate information that can be obtained. I do think that other people need to have a better understanding of the GDP and its effects before they are measured so until that is done, the well-being measurement is almost pointless.Heather Kiczeknoreply@blogger.comtag:blogger.com,1999:blog-22959333.post-6253386611044552442015-09-21T12:50:13.684-04:002015-09-21T12:50:13.684-04:00The article starts off with talking about the happ...The article starts off with talking about the happiness index, then leads into talks of the GDP, not in just one or two places, but in many places around the world. My question is: should the GDP really be factored into the happiness index? If one wants to see how a country's GDP affects its citizens, then yes, but otherwise, I see no actual point in factoring it in. Many people may not have the right education to truly understand the GDP, that and the media and opinions of others, could sway a person's opinion, therefore it would be best to either educate citizens before factoring the GDP in, or just leave that area out entirely.<br /><br />-E. Piper PhillipsAnonymousnoreply@blogger.com