GDP is a reasonably accurate and very useful indicator of a nations economic performance, but it has
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GDP is a reasonably accurate and very useful indicator of a nation’s economic performance, but it has its limitations. It fails to account for nonmarket and illegal transactions, changes in leisure and in product quality, the composition and distribution of output, and the environmental effects of production. GDP should not be interpreted as a complete measure of well-being.
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Related Book For 
Economics Principles Problems And Policies
ISBN: 9780073511443
19th Edition
Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn
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