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Gross Domestic Product (GDP) is the broadest measure of output for an economy. However, GDP does not perfectly measure well-being of a nation anditscitizens' welfare.

Gross Domestic Product (GDP) is the broadest measure of output for an economy. However, GDP does not perfectly measure well-being of a nation anditscitizens' welfare. Discuss what GDP is andwhat it measures? Discusswhat the shortcomings (limitations) of GDP as a measure of well-being and welfare of a nation are?

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