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Many things that society values, such as good health, high - quality education, enjoyable recreation opportunities, and desirable moral attributes of the population, are not
Many things that society values, such as good health, highquality education, enjoyable recreation opportunities, and desirable moral attributes of the population, are not measured as part of GDP
Therefore, GDP is not a useful measure of society's welfare.
GDP is still a useful measure of society's welfare because providing these other attributes is the responsibility of government.
GDP is still a useful measure of society's welfare because it measures a nation's ability to purchase the inputs that can be used to help produce the things that contribute to welfare.
GDP is still the best measure of society's welfare because these other values cannot actually be measured.
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