1.It does not include the value of physical and mental satisfaction that people derive from leisure.
2.It does not include the value of non-paid housewives’ services and home labor, such as gardening, painting, and care of pets and domestic animals
3.It does not assign any negative values to those side effects of economic activities that reduce the total satisfaction from the output of those activities. The examples of such side effects are air pollution, water pollution, noise and other disagreeable aspects