Sentence examples for gpi from inspiring English sources

Vermont offers an excellent example of how GPI and GDP differ in practice.

The first test in applying GPI comes with the state's recently released first five-year economic development plan.

To get a feel for how GPI differs from GDP, imagine two heating-oil trucks leaving from the same utility company: one safely completes its deliveries and the other has a major oil spill on the way to its first customer.

By contrast, both oil trucks would make the GPI go down: remediation spending would be counted as a negative, and so would the cost to society of emissions from heating with oil and the costs of any long-term damage to aquifers and streams.

Prior to 1970 GPI used to be slightly higher than the GDP number.

The next question for these states is how to use the GPI to inform policy and economic development strategies.

Maryland's commitment to the GPI came thanks to an act championed by governor Martin O'Malley.

Ken Jones, economic analyst at Vermont's Agency of Commerce and Community Development and lead author of the strategic document, ties the state's economic future to successfully growing the GPI over the next five years.

Jon Erickson, professor of ecological economics at University of Vermont, says that because of its comprehensive nature, GPI can help agencies work together – as opposed to pulling in different directions – and can represent scenarios that show impacts on multiple dimensions.

Then, the two indices began to diverge, with GPI holding steady while GDP continued to increase.

The Genuine Progress Indicator GPII) offers an alternative to the Gross Domestic Product (GDP), which has been used at national and state levels since Simon Kuznets presented it to Congress in 1934, despite his warning of the oversimplifications embedded in the metric.