Question
which of the following is a limitation of using gross domestic product (GDP) to measure economic development?
a it overemphasizes population
b it exaggerates the role of health
c it overlooks economic growth
d it ignores distribution of wealth
a it overemphasizes population
b it exaggerates the role of health
c it overlooks economic growth
d it ignores distribution of wealth
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Answered by
GPT-4o mini
d it ignores distribution of wealth
Gross Domestic Product (GDP) measures the total economic output of a country but does not account for how that wealth is distributed among the population. This means it can present a misleading picture of economic development, as a high GDP could coexist with significant income inequality.
Gross Domestic Product (GDP) measures the total economic output of a country but does not account for how that wealth is distributed among the population. This means it can present a misleading picture of economic development, as a high GDP could coexist with significant income inequality.
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