Identify a limitation of using gross domestic product (GDP) as a measure for development(1 point)
O it overemphasizes health indictors such as life expectancy
O it doesn't account for the value of services in the economy
O It doesn't account for income distribution.
O it overemphasizes environmental sustainability
O It doesn't account for income distribution.
O It doesn't account for income distribution.
The correct answer is: O it doesn't account for income distribution.
Explanation: While GDP is commonly used as a measure of development, it has some limitations. One major limitation is that it doesn't consider income distribution within a country. GDP is simply the total value of goods and services produced within a country's borders, without considering how that income is distributed among the population. This means that a high GDP does not necessarily indicate equitable distribution of wealth and can mask significant income inequality within a country. Therefore, using GDP alone as a measure for development may not provide a comprehensive understanding of the well-being and living standards of the population.