Question
Identify a limitation of using gross domestic product as a measure for development
it doesn’t count for income distribution
it doesn’t count for the value of services in the economy
it over emphasizes health indicators such as life expectancy
it over, emphasizes environmental sustainability
it doesn’t count for income distribution
it doesn’t count for the value of services in the economy
it over emphasizes health indicators such as life expectancy
it over, emphasizes environmental sustainability
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**. GDP provides an aggregate measure of economic activity but does not reflect how wealth is distributed among the population. Consequently, high GDP values can coexist with significant income inequality, masking potential disparities in individual well-being and quality of life.