Identify a limitation of using gross domestic product (GDP) as a measure for development.(1 point)
Responses
It doesn’t account for the value of services in the economy.
It doesn’t account for income distribution.
It overemphasizes environmental sustainability.
It overemphasizes health indictors such as life expectancy.
3 answers
It doesn’t account for income distribution.
are you sure
Yes, I am sure. The correct answer is that GDP does not account for income distribution. GDP measures the total value of goods and services produced in a country, but it does not provide information about how that wealth is distributed among the population. Therefore, it is possible for a country to have a high GDP but still have significant income inequality and a lack of development for certain groups or regions within the country.