Economy, asked by ABIDALIKHAN, 5 months ago

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 SWEETYASH
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.

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