Question

Waht are the limitations of GDP(Grosse Domestic Product) ?​

Answer 1

Answer:

The limitation of GDP are as follows :-

1.GDP does not incorporate any measures of welfare.

2.GDP only includes market transactions

3.GDP does not describe income distribution.

4.GDP does not describe what is being produced.

5.GDP ignores externalities.

Explanation:

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Answer 2

Answer:

The limitation of GDP is that it did not tell us the income of a particular person is a country . Leads to income inequality in the society.