Yardsticks for measuring Wellbeing and Contentment

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Recently, the PM of Britain and his cabinets announced that the office of National statistics draw up a questionaire in other to quantify just how happy we are as a nation. A happy initiative doomed to dismal failure, many people thought. We had read many Psychological books i.e The Power of Happiness, How to stay Happy under tension, Happiness hypothesis etc none of these material has no effect on the mood and the reason is too plain to see. Research into Happiness in families across Britain shows that for the past 30 years, the country's happiness has remained static giving us a statistically meaningless figure. In my own opinion, I think running our national business efficiently and honestly is more paramount than bringing up shallow initiatives. Can our wellbeing and contentment really be measured?