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Policy makers have traditionally relied on broad, macroeconomic measures of how the economy is performing, such as GDP growth, the unemployment rate, and inflation. These measures are enshrined in most central bank mandates, for example. Over time, consistent economic growth with stable inflation led to rising prosperity, so these indicators were a pretty good proxy of what policy makers should pay attention to. But in recent years, social outcomes have increasingly diverged from traditional macroeconomic measures.

RITAMBHARA