This can overstate a country’s actual economic output. It is geographically limited in a globally open economy - GDP does not take into account profits earned in a nation by overseas companies that are remitted back to foreign investors. ![]() ![]() ![]() GDP fails to account for the value of under-the-table employment, underground market activity, or unremunerated volunteer work, which can all be significant in some nations and cannot account for the value of leisure time or household production, which are ubiquitous conditions of human life in all societies.
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