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What is the definition of GDP? What are some of the shortcomings of GDP? In your answer, please provide an explanation to some of the

  1. What is the definition of GDP?

  1. What are some of the shortcomings of GDP? In your answer, please provide an explanation to some of the shortcomings you mention, and not just a list of these potential shortcomings. In other words, explain why these are shortcomings of GDP. If there are no shortcomings of GDP, please defend and explain your answer.

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