does not take into account the distribution of the money which can often be extremely unequal as in the UAE where oil money has been collected by a rich elite and has not flowed to the bulk of the country.

Secondly, GNP does not measure whether the money produced is actually improving people's lives and this is important because in many MEDCs, there are large increases in wealth over time but only small increases in happiness.

Thirdly, the GNP figure rarely takes into account the unofficial economy,

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