Economy, asked by sonal1388, 11 months ago

why real GDP is a true indicator of social welfare

Answers

Answered by Anonymous

Explanation:

Despite several shortcomings GDP is commonly used as an indicator of social welfare. ... As a result, GDP fails to account for non-market transactions, wealth distribution, the effects of externalities, and the types of goods or services that are being produced within the economy.

Previous Question

Next Question

Similar questions

Math, 6 months ago

Find X if 5 x/5 multiply by 3 3/4 =21...

English, 6 months ago

Write ana application to the hod of your department complaining the insuficient furniture in your class. Suggest to install new furniture or mend tbe existing furniture.

Social Sciences, 6 months ago

The earth layer where magna come from?

English, 11 months ago

what does freedom means to you? complete the words web.

English, 11 months ago