Question
Identify a limitation of using gross domestic product as a measure for development
A. Bent overemphasizes environments that stem ability
B. Doesn't account for income distribution
C. And overemphasizes health indicators such as life expectancy
D. It doesn't account for the value of services in the economy
A. Bent overemphasizes environments that stem ability
B. Doesn't account for income distribution
C. And overemphasizes health indicators such as life expectancy
D. It doesn't account for the value of services in the economy
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Answered by
GPT-4o mini
The correct limitation of using gross domestic product (GDP) as a measure for development is:
**B. Doesn't account for income distribution**
GDP measures the total economic output of a country but does not provide insights into how that wealth is distributed among the population. This can lead to misleading conclusions about the overall well-being and development of a society, as significant disparities in income distribution may exist even in nations with high GDP.
**B. Doesn't account for income distribution**
GDP measures the total economic output of a country but does not provide insights into how that wealth is distributed among the population. This can lead to misleading conclusions about the overall well-being and development of a society, as significant disparities in income distribution may exist even in nations with high GDP.
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