Economy, asked by ankittiwari9290, 1 year ago

discuss the problems associated with gdp as a measure of an economy's total production.

Answers

Answered by Nyaberiduke
0

The GDP as a measure of national growth has the following problems as follows;

The household activities like rental services are not included it the GDP.

Also,prices of commodities are calculated at a market price though some commodities don't have market price ,they are sold outside market prices,so they  usually guess at their appropriate prices which is not guaranteed to obtaining the required GDP value.

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