One shortcoming of GDP as an indicator of society's social well-being is that it fails to take into account the:

Question

Quizplus · Accepted Answer

Non-market production, such as unpaid household work, volunteer work, and informal economy activities, are not included in GDP. However, these activities contribute to the well-being of society and cannot be measured by GDP alone. Therefore, GDP is said to be an incomplete measure of social well-being.

One Shortcoming of GDP as an Indicator of Society's Social