First what does gdp measure even if we prefect the measure


First, what does GDP measure? Even if we prefect the measure by correcting for price increaase, what does GDP really tell us? 
Is GDP a measure of the nation's economic health? Does the size of GDP of one nation realtive to another tell us anything about the relative success of each economy? 
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Microeconomics: First what does gdp measure even if we prefect the measure
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