Question

Name of limitation of using gdp as an index of welfare of country

Answer 1

1. Statistical and conceptual data problem
2. Double counting
3. Transfered payment
The afforementioned constitute problem to measurement of GDP.  Its limitation is thus, 
1. If prise rise say by 10% while the same goods and services are produced as before, then the gross national product will appear to have grown by 10%. 
2. Because government spending is included at cost in national income calculation no distribution is made between expenditure of different firms and on the other consumers goods and services.

Answer 2

poda...............................