Question

Which of the followwing is TRUE with reference to GDP? (a) It is the best way to compare different nations. (b) It can be used to compare the growth rate of various sectors of the economy

a) Only A

b) Only B

c) Both A and B

d) Neither A nor B​

Answer 1

Answer:

only b

Explanation:

In short, GDP does not directly measure those things that make life worthwhile, but it does measure our ability to obtain many of the inputs into a worthwhile life. GDP is not, however, a perfect measure of well-being. ... More goods and services would be produced, and GDP would rise.

Answer 2

C option Is correct