Prompt: Why GDP isnt a good way to measure the nations well being . GDP lumps t

Prompt: Why GDP isnt a good way to measure the nations well being .
GDP lumps together costs with benefits.
Activities that enhance welfare (e.g., education expenditures) have equal weight as expenditures that represent the externalized costs of growth (e.g., oil spill remediation).
GDP tells us nothing about sustainability( Environmet)
It fails to track the depletion or degradation of natural, human, built, and social capital on which all economic activity ultimately depends. It fails as well to capture the inherent unsustainability of economic activity financed by debt.
GDP fails to recognize the costs of inequality.
It counts growth concentrated in the upper-most income brackets as “progress,” even if incomes and quality of life are falling for most.