Why GDP is criticized as a “deeply foolish” indicator of how an economy? What are the different activities many would classify as having economic value that are exculded in GDP calculation? What could be the possible reasons for such exclusion

Economics:
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ISBN:9781285859460
Author:BOYES, William
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Chapter5: National Income Accounting
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Why GDP is criticized as a “deeply foolish” indicator of how an economy? What are the different activities many would classify as having economic value that are exculded in GDP calculation? What could be the possible reasons for such exclusion?

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