It omits the utility a person may derive from non-monetary income and, on a macroeconomic level, fails to accurately chart social welfare.
Captain Cook accurately charted vast regions of the South Pacific; provided a basis for England's claim to Australia and New Zealand; and developed a diet that prevented scurvy among seamen.
Metals in the dust made sensors unreliable, and the region was in constant flux, impossible to chart accurately for more than a few days at a time.
He accurately charted many parts of the Australian coast that had not been surveyed by Captain James Cook on his voyages between 1768 and 1779.
Toric stared across the room to the map of what he already, by virtue of having accurately charted it, held.
But unless there was a method for accurately charting the topography, aircraft could find themselves scraping tree tops or crashing into the side of a hill.
Born in Orkney and employed by the Royal Navy, he became the first person to accurately chart the coastline around North Ronaldsay where many vessels had come to grief.
During his surveys in search of the rock, he discovered and charted Vidal bank, and the next year became the first to accurately chart and describe Rockall.
To this end, in 1742, he sent an expedition under the command of Lazare Picault to accurately chart the islands northeast of Madagascar.