GDP is not useful to measure how good an economy works. The core problem of GDP is that it does not account for usefulness of spending.
GDP also ignores volunteer work and other non market transactions, completely dismisses externalities for health and the environment, and also has no indication of the distribution of said wealth.
GDP is not useful to measure how good an economy works. The core problem of GDP is that it does not account for usefulness of spending.
GDP also ignores volunteer work and other non market transactions, completely dismisses externalities for health and the environment, and also has no indication of the distribution of said wealth.