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The Economics of Happiness

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"[W]hile we can quantify things such as gross domestic product or home foreclosures, it's harder to measure their impact on our collective happiness," the Washington Post reports. "One way to gauge that effect is through what has become known as the economics of happiness -- a set of new techniques and data to measure well-being and contentment. Hundreds of thousands of people are surveyed and asked how happy or satisfied they are with their lives, with possible answers on a scale between very unhappy and very happy."
SOURCE:   Washington Post