Which of the following is a limitation of using gross domestic product (GDP) to measure economic development?(1 point)

Responses

It exaggerates the role of health.
It exaggerates the role of health.

It overlooks economic growth.
It overlooks economic growth.

It ignores distribution of wealth.
It ignores distribution of wealth.

It overemphasizes population.

1 answer

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 can be a significant limitation when assessing overall economic development and well-being.