Question

gross domestic product does not give us a clear indication of economic Welfare of a country different or refute the given statement with the valid reason

Answer 1

Answer:

Gdp depends on how country is producing on there own with very less imports from the foreign but huge exports (you can understand by using word independent) . But in your case yes gross domestic product does not give us a clear indication of economic Welfare of a country.

Because it gives us the percentage of production but no of consumers. There is all game of consumer in this economy if there is no consumer, no production and there will be no capital.