Which of the following statements best describes a limitation of Gross Domestic Product (GDP) in measuring economic well-being?

Gross Domestic Product (GDP) is a way to measure the total value of all goods and services produced in a country, but it has some important limitations when it comes to understanding how well people are really doing. One major limitation is that GDP does not account for household production, which includes valuable work like cooking, cleaning, and caring for children that people do at home without pay. For example, if a parent stays home to take care of their children instead of working in a paid job, that important contribution to the family and society is not reflected in GDP numbers. Additionally, GDP does not consider the distribution of wealth; a country could have a high GDP but still have many people living in poverty. Therefore, while GDP can show how much a country produces, it doesn’t give a full picture of people's quality of life or economic well-being.