Question

what are the limitations of Gross Domestic Product?

Answer 1

1. The exclusion of non-market transactions.

2. The failure to account for or represent the degree of income inequality in society.

3. The failure to indicate whether the nation's rate of growth is sustainable or not.

Answer 2

Answer:

• The limitations of GDP
• The exclusion of non-market transactions.
• The failure to account for or represent the degree of income inequality in society.
• The failure to indicate whether the nation's rate of growth is sustainable or not.

Explanation:

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