Economy, asked by forwardfast, 6 months ago

explain how " distribution of GDP " is a limitation in taking GDP as an index of welfare .​

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Answered by mohamedapsal
10

Answer:

'Distribution of gross domestic product is one of the reasons why GDP cannot be taken as an index of welfare. If the GDP of the country is rising, the welfare may not rise as a consequence. This is because the rise in GDP may be concentrated in the hands of very few individuals or firms.

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