Is the GDP Still Accurate in the Digital Age? GDP is the sum of all income earned in a country during a year. Alternatively. it can be thought of as the value of all production in an economy during a year. But do income and production measure happiness?The way we measure GDP can both overstate and understate people's happiness and well-being. it understates economic activity and well-being when it does not take into account production that is not exchanged in a market [grandma providing free babysitting} and leisure time. It overstates wellbeing when two otherwise identical activities are measured the same even though one produces more pollution. Reply to these questions to begin your discussion: Should we continue to measure GDP as we do now? If you don't think: it should he changed. explain your reasoning. if you think it should be changed. what changes would you recommend. and why