Question

give two examples where GDP growth did not show welfare for the people.
(economics class 10)

Answer 1

Answer:

Can GDP be used as a measure of welfare?

Using current prices, it measures the value of goods and services produced for final consumption, private and public, present and future. (Future consumption is covered since GDP includes output of investment goods.) ... But although GDP is not a measure of human welfare, it can be considered a component of welfare.