Question

Identify a limitation of using gross domestic product (GDP) as a measure for development. (1 point)

Answer 1

One limitation of using GDP as a measure for development is that it only measures the economic output of a country and does not take into account other important factors such as social and environmental factors. While GDP is often used as an indicator of a country's standard of living or overall development, it does not provide a complete picture of the well-being of a population. For example, a country with a high GDP may still have significant inequality, poverty, or environmental degradation, which are important considerations for development.