On The Disadvantages Of GDP As A Universal Macroeconomic Indicator

The article explains the shortcomings of GDP as a macroeconomic indicator, which do not allow it to accurately represent the real state of the economy: GDP is based not on the quantity of the goods produced, but on the amount of human labor spent in the country; it is calculated in monetary form on the ba-sis of market prices and tariffs; it distorts cross-country comparisons; it takes into account productive and unproductive, and even useless and destructive labor on an equal basis. The author suggests upgrading the economic indica-tors used in cross-country comparisons and supplementing the GDP with the "gross commodity product" indicator, which reflects the state of only the real sector of the economy, including manufacturing, transportation, R&D and marketing segments