The correct response is:
It doesn’t account for income distribution.
This is a significant limitation of GDP as a measure of development, as it can show high economic output while masking inequalities in wealth and income within a population.
Identify a limitation of using gross domestic product (GDP) as a measure for development.(1 point)
Responses
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.
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 environmental sustainability.
1 answer
1 answer