Economy, asked by sayamchakraboity, 6 months ago

what lower the significance of GDP as an index of welfare?

Answers

Answered by debasritashaw

6

Answer:

Externalities: GDP index does not account for externalities: the good and bad impact of economic activities without the price or penalty. Environmental pollution related to production activity is an important example. This also lowers the significance of GDP as an index of welfare.

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Answered by PrincessTeja

6

Answer:

Externalities: GDP index does not account for externalities: the good and bad impact of economic activities without the price or penalty. Environmental pollution related to production activity is an important example. This also lowers the significance of GDP as an index of welfare.

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