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The GDP is widely considered as the main and most important indicator of growth and often considered to also be a measure of well- being.
The GDP is widely considered as the main and most important indicator of growth and often considered to also be a measure of well- being. However, why is it problematic to see the GDP as the ultimate solution and indicator of prosperity? It does not differentiate between types of spending and treats all production equally It does not account for non-market forms of production and value creation, e.g. care work GDP deals in aggregates and thus has the potential to omit rising inequalities and the gap between rich and poor All of the above
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