Question
Identify a limitation of using gross domestic product (GDP) as a measure for development.
It doesn’t account for income distribution.
It doesn’t account for income distribution.
It doesn’t account for the value of services in the economy.
It doesn’t account for the value of services in the economy.
It overemphasizes health indictors such as life expectancy.
It overemphasizes health indictors such as life expectancy.
It overemphasizes environmental sustainability.
It doesn’t account for income distribution.
It doesn’t account for income distribution.
It doesn’t account for the value of services in the economy.
It doesn’t account for the value of services in the economy.
It overemphasizes health indictors such as life expectancy.
It overemphasizes health indictors such as life expectancy.
It overemphasizes environmental sustainability.
Answers
GPT-4o mini
A key limitation of using gross domestic product (GDP) as a measure for development is that **it doesn’t account for income distribution**. GDP measures the total economic output of a country but does not reflect how that wealth is distributed among the population. Consequently, a country might have a high GDP while a significant portion of its population lives in poverty, which would not be captured by GDP figures alone.