The correct response is:
It ignores distribution of wealth.
GDP measures the total economic output of a country but does not account for how that wealth is distributed among the population, which is a crucial aspect of economic development.
Which of the following is a limitation of using gross domestic product (GDP) to measure economic development?(1 point)
Responses
It overlooks economic growth.
It overlooks economic growth.
It overemphasizes population.
It overemphasizes population.
It exaggerates the role of health.
It exaggerates the role of health.
It ignores distribution of wealth.
It ignores distribution of wealth.
1 answer