Replace 'wealth' with 'value-generating economic activity'. The basic point is that GDP fails to measure very well whatever it is claimed to measure, whatever

Replace 'wealth' with 'value-generating economic activity'. The basic point is that GDP fails to measure very well whatever it is claimed to measure, whatever language you prefer to use to call it. Economics is fraught with this sort of semantic debate because what one person calls 'wealth' another will disagree with.