can you mention its one limittion?
Measurements of national income result in abuse since they deal with matters that are the center of conflict of opposing social groups.
Gross domestic product
Measurements of national income are subject to this type of illusion and resulting abuse, especially since they deal with matters that are the center of conflict of opposing social groups where the effectiveness of an argument is often contingent upon oversimplification. [...]
what is mackensen-class battlecruiser? Last class of battlecruisers built during WW1 what was the ww1? A global war originating in Europe. name a few parties involved. UNANSWERABLE how did it affect the economy? GDP increased for three Allies but decreased in France and Russia, in neutral Netherlands, and in the three main Central Powers. what is full form of that abbreviation ? Gross domestic product what does it represent? Monetary measure of the M.P. of all the final goods and services produced in a specific time period.
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Gross domestic product [SEP] Limitations at introduction
[...] All these qualifications upon estimates of national income as an index of productivity are just as important when income measurements are interpreted from the point of view of economic welfare. But in the latter case additional difficulties will be suggested to anyone who wants to penetrate below the surface of total figures and market values. Economic welfare cannot be adequately measured unless the personal distribution of income is known. And no income measurement undertakes to estimate the reverse side of income, that is, the intensity and unpleasantness of effort going into the earning of income. The welfare of a nation can, therefore, scarcely be inferred from a measurement of national income as defined above.