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What are three limitations of using GDP as a measure of the nations economy?
Wiki User
∙ 12y ago
GDP only counts goods and services that pass through markets. The GDP fails to measure or express changes in a nation's income distribution, quality of life, unpaid labor, intangible valuables, real savings, standard of living, uneven inflationary price changes, and transactions on the blackmarket.
Wiki User
∙ 11y ago
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∙ 12y agoduble ubble
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