Limitations of using GDP as a measure

Welcome to the "Limitations of using GDP as a measure" category on Questions LLC! In this section, we explore the various shortcomings associated with using Gross Domestic Product (GDP) as a measure of a country's economic well-being. While GDP is widely used and recognized as an important economic indicator, it does have its limitations. Here, you'll find insightful questions and answers that delve into the complexities of GDP, its drawbacks, and the alternative measures that experts propose to better assess a nation's progress and overall welfare. Whether you're a student, researcher, or simply curious about economics, we invite you to explore and deepen your understanding of the limitations inherent in GDP measurements.