GDP is the sum of the production of goods and services produced by a country in a

certain period of time (generally a year). Its function is, as a measuring tool for the
economic development of a country. GDP is the market value of goods and services
produced in a region at a certain time. GDP can be calculated using three
approaches, namely income, production, and expenditure.
GDP is basically the amount of added value generated by all business units in a
country. Or is the total value of final goods and services produced by all economic
units. In short, GDP is one method for calculating national income.
However, the picture obtained from a number of economic indicators is often not in
line with the daily facts perceived by the community. The data depicted through
statistical figures often contradict the daily facts experienced by the majority of the
population. Simon Kuznets said that the national income balance never considered
GDP as an indicator of welfare. In fact, GDP is used to summarize economic activity
in the aggregate—not as an indicator of welfare. Therefore, I do not agree if GDP is
used as an indicator in describing welfare.