Question

GDP as a measure of economic strength varies across countries”-
Why? Explain
need 5 mark answer!

Answer 1

Answer:

There are four reasons why GDP as a measure of economic strength varies across countries

Explanation:

The size of the workforce, the amount of physical capital, the amount of human capital, and the level of technology. And each of it differs from country to country. As a example: The US is a developed country and because it has the perfect score in " The size of the workforce, the amount of physical capital, the amount of human capital, and the level of technology". And the Bangladesh is an underdeveloped country because it doesn't have all resources perfectly