Economy, asked by Kingmanishkumar817, 11 months ago

Can we treat gdp as an index of welfare of economy.Give reason

Answers

Answered by kanpurharsh

Explanation:

Is gross domestic product a correct index of welfare of people of an economy? ... So, if we consider that welfare of people can be measured as their income or consumption, then GDP can be used as an indicator of people's wealth.

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