Identify a limitation of using gross domestic product (GDP) as a measure for development.(1 point) Responses It doesn’t account for income distribution. It doesn’t account for income distribution. It overemphasizes environmental sustainability. It overemphasizes environmental sustainability. It overemphasizes health indictors such as life expectancy. It overemphasizes health indictors such as life expectancy. It doesn’t account for the value of services in the economy.
3 answers
It doesn't account for the value of services in the economy.
What conclusion can you draw about the level of economic development in a country in which most workers are in the tertiary and quaternary sectors of the economy?(1 point) Responses Countries in which most workers are in these sectors typically have a high level of economic development. Countries in which most workers are in these sectors typically have a high level of economic development. Countries in which most workers are in these sectors typically have a low level of economic development. Countries in which most workers are in these sectors typically have a low level of economic development. The level of economic development in such a country is probably in steep decline. The level of economic development in such a country is probably in steep decline. The level of economic development in such a country is probably increasing rapidly.
Countries in which most workers are in the tertiary and quaternary sectors of the economy typically have a high level of economic development.