Geography, asked by bhanupratapsinghdhur, 9 months ago

wright down some of the limitations of using GDP as an index of welfare of a country​

Answers

Answered by Akanksha1011111
4

To keep things simple the most relevant limitations are listed below:

does not incorporate any measures of

welfare

GDP

only includes market transactions.

GDP

GDP

does not describe income distribution.

GDP

does not describe what is being produced.

ignores externalities.

GDP

Social Progress

Index.

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