Gross domestic product does not give us a clear indication of economic Welfare of a country defined or refute the given statement with valid reason
Answers
Answered by
3
GDP( Gross domestic product) represents the market value of goods and services produced within domestic territory of a country in monetary terms. It simply represents economic growth of country but does not represent the distribution of income and hence is not an indicator of economic welfare of a country.
Similar questions
English,
1 month ago
Science,
1 month ago
Political Science,
1 month ago
Hindi,
2 months ago
Computer Science,
2 months ago
English,
7 months ago
Math,
7 months ago