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MERI: A Complementary Measure to GDP for Majority Economic Reality (MERI = Per Capita Income of the Mass (after excluding the top X%))
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This paper introduces MERI (Mass Economic Reality Index) and Real MERI, alternative macroeconomic indicators designed to capture the economic condition of the majority population by excluding disproportionate income concentration at the top. Unlike Gross Domestic Product (GDP), which measures total economic output, MERI does not attempt to replace GDP. Instead, it acts as a distribution-sensitive lens, correcting for the distortion created by extreme income concentration.
Title: MERI: A Complementary Measure to GDP for Majority Economic Reality (MERI = Per Capita Income of the Mass (after excluding the top X%))
Description:
This paper introduces MERI (Mass Economic Reality Index) and Real MERI, alternative macroeconomic indicators designed to capture the economic condition of the majority population by excluding disproportionate income concentration at the top.
Unlike Gross Domestic Product (GDP), which measures total economic output, MERI does not attempt to replace GDP.
Instead, it acts as a distribution-sensitive lens, correcting for the distortion created by extreme income concentration.
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