Problems of GDP------
1.non-traded products are poorly measured in gdp
2.some activities added to gdp in fact are use of resources to avoid certain "bads"
3.it's difficult to account for improvements in the quality of goods
4.illegal activities are not measured in GDP...
1.non-traded products are poorly measured in gdp
2.some activities added to gdp in fact are use of resources to avoid certain "bads"
3.it's difficult to account for improvements in the quality of goods
4.illegal activities are not measured in GDP...