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Please provide a detail answer to the following questions!a. What does GDP measure?b. Why do we say it does NOT measure well-being?c. What economic behaviors

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Please provide a detail answer to the following questions!a. What does GDP measure?b. Why do we say it does NOT measure well-being?c. What economic behaviors are NOT included in GDP measurements?d. How are Nominal GDP and Real GDP related in the base year?e. What variable changes in the calculation of Real GDP as contrasted to Nominal GDP?

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ents a. What does GDP measure? 16 b. Why do we say it does NOT measure well-being? c. What economic behaviors are NOT included in GDP measurements? d. How are Nominal GDP and Real GDP related in the base year? e. What variable changes in the calculation of Real GDP as contrasted to Nominal GDP

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