What are the shortcomings of GDP?

• A. It omits non-market and unpaid work, ignores income distribution and inequality, excludes environmental degradation and resource depletion, and does not measure overall wellbeing or leisure.
• B. It excludes illegal economic activity and barter transactions, but otherwise provides a complete measure of national welfare.
• C. It only measures nominal values and cannot be adjusted for inflation or price changes over time.
• D. It fails to include business investment and government spending, double-counts intermediate goods, and excludes exports.

Answer: (A)