If you were in charge of regulating the way GDP is calculated, would you include illegal activities in the calculation?

U.S. nominal GDP is substantially higher today than it was 60 years ago. What does this tell us about the well-being of U.S. residents?

nominal GDP is $

Considering the strengths and weaknesses of GDP as a measure of a nations "well-being," how do you think we should change the way we measure GDP, if we want it to be a better measure of our "well-being?"  In other words, nations around the world use GDP as a measure of how well they are doing, and they use changes in GDP as a way to gauge if they are doing better or worse than they were the last time they measured GDP.  What specific changes do you think a nation should adopt so that GDP is a better measure of how well-off that nation is?  It is not sufficient to write about the problems with the the way GDP is measured; provide your ideas on how - considering those problems - we can make GDP a better measure of how well-off we are.  Keep in mind if something is to be included in the GDP, it must be able to be put in monetary units (US dollars, in the case of the US).  So if you suggest something should be included, you need to explain how it would be measured (or estimated) in…