0 votes
Is GDP a useful measure of development?

2 Answers

0 votes
Today, the predominance of GDP as a measure of economic growth is partly because it is easier to quantify the production of goods and services than a multi-dimensional index can measure other welfare achievements. Precisely because of this, GDP is not, on its own, an adequate gauge of a country's development.
0 votes
Limitations of GDP



Welcome to our site, where you can find questions and answers on everything
...