is GDP an absolute measure of welfare in an economy
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GDP(Gross-Domastic-product) is the value of all final goods and services within a country during a year. GDP shows how big the economy is.
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GDP or Gross Development Product is a measure of how good the nation is doing on the economic front.
It measurs the value of good and sefcies produced for final consumotion, but it is not a mark of welgfae of the nation.
GDP is more of an economic health indicator and not the overall welfare indicator in a nation. there are many other factors that detremine the welfare in an economy
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