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

Question

Responses

It overlooks economic growth.
It overlooks economic growth.

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

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

It overemphasizes population.

Answer 1

The correct response is:

It ignores distribution of wealth.

GDP measures the overall economic output of a country but does not account for how that wealth is distributed among its population. This can lead to a misleading representation of economic development, as a country with a high GDP may still have significant income inequality.