Many things that society values, such as good health, high-quality education, enjoyable recreation opportunities, and desirable moral attributes of the population, are NOT measured as part of GDP According to most economists, why is GDP a useful measure of society's well-being?

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Economists consider GDP a useful measure of society's well-being because it measures a nation's ability to produce goods and services that contribute to well-being, such as food, transportation, housing, and healthcare. GDP provides an indication of a country's overall economic performance, which is often correlated with improved living standards for its citizens. However, economists recognize that GDP does not capture many other societal values and well-being indicators, such as natural resources, social cohesion, quality of life, and environmental sustainability. Therefore, GDP should be complemented with other measures to provide a more complete assessment of societal well-being.

Many Things That Society Values, Such as Good Health, High-Quality