Answer: GDP fails to reflect true wealth and assets.
Step-by-step explanation:
The gross domestic product is referred to as the total monetary value of every finished goods and the services that are being produced within a particular country's at a certain period.
Economists would most likely justify the need for a replacement for GDP because GDP fails to reflect true wealth and assets. This is because the depreciation of assets and its depletion isn't reflected by the GDP. Also, it doesn't show if wealth accumulation tallies along with the growth in population.