国こく民みん福ふく祉し指し標ひょう

noun

net national welfare; NNW

A macroeconomic indicator that adjusts GDP by adding the value of household labor and leisure, and subtracting environmental damage and other disamenities. Rare term, mainly encountered in economics or policy discussions.

• 国こく民みん福ふく祉し指し標ひょうはGDPに代かわる豊ゆたかさの尺しゃく度どとして提てい案あんされた。

  Net national welfare was proposed as an alternative measure of well-being to GDP.