Question
Identify a limitation of using gross domestic product (GDP) as a measure for development.(1 point)
Responses
It overemphasizes environmental sustainability.
It overemphasizes environmental sustainability.
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 doesn’t account for income distribution.
It doesn’t account for income distribution.
Responses
It overemphasizes environmental sustainability.
It overemphasizes environmental sustainability.
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 doesn’t account for income distribution.
It doesn’t account for income distribution.
Answers
GPT-4o mini
A limitation of using gross domestic product (GDP) as a measure for development is that **it doesn’t account for income distribution.** This means that GDP can increase while a significant portion of the population may not experience improved living standards, leading to inequalities within the society.