+3 votes
in Class 12 by kratos

GDP is not a true indicator of ***. Give reasons.

1 Answer

+3 votes
by kratos
 
Best answer

Hie National income is not a reliable index of economic *** because of the following reasons.

(a) Inequality in the distribution of income.

(b) Existence of non-monetary exchanges.

(c) GDP does not consider whether the goods produced are useful or harmful.

(d) GDP does not consider the manner of production.

...