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List four things considered to be shortcomings in the determination of GDP.
Gross Domestic Product
An indicator of a nation's economic output, reflecting the aggregate worth of all produced goods and services within a defined timeframe.
Natural Resource Depletion
Refers to the exhaustion of raw materials within an environment due to overuse, misuse, or unsustainable use, often leading to long-term environmental and economic consequences.
National Income Accounting
A system that records a country's economic transactions and measures its economic performance.
Circular Flow
An economic model that depicts how money moves through the economy, from production to income to consumption and back to production.
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