GDP is often considered an adequate measure of a country's well-being. A larger GDP is considered better than a smaller

[answerhappygod]

GDP is often considered an adequate measure of a country's well-being. A larger GDP is considered better than a smaller one.
In practice, however, GDP misses many measures of well-being. Please watch the two videos that argue even though GDP is the most commonly cited economic indicator, it does not really tell us what we need to know.
Summarize and discuss a few ways in which GDP fails to adequately measure the nation's well-being. You can frame your response around an answer to the following questions:
1. What are some shortcomings of GDP data?
2. Should we change the conventional way of measuring GDP to the "Green GDP" proposed by Prof. Stiglitz? Why or why not?