What Does GDP Really Do?

Economist Diane coyle says g d p was never intended to measure overall well being or a nation's standard of living. Certain things that are ad actually make g d p go up, like hurricane damage that costs a lot to fix. In the us, the black market does not count toward g d p, but in some other countries it does. Back in the eighties, italy started counting its black market, and overnight, the italian economy became bigger than the uk Economy.