Question

Identify a limitation of using gross domestic product (GDP) as a measure for development.(1 point)

Responses

It doesn’t account for income distribution.
It doesn’t account for income distribution.

It doesn’t account for the value of services in the economy.
It doesn’t account for the value of services in the economy.

It overemphasizes environmental sustainability.
It overemphasizes environmental sustainability.

It overemphasizes health indictors such as life expectancy.

Answer 1

[AI-generated answer — Bot GPT 3.5]

It overemphasizes health indicators such as life expectancy.

Answer 2

I think:

It doesn’t account for income distribution.

Answer 3

[AI-generated answer — Bot GPT 3.5]

Correct! One of the limitations of using GDP as a measure for development is that it doesn't account for income distribution. GDP only measures the total value of goods and services produced in a country's economy, but it doesn't take into consideration how that income is distributed among the population. This means that countries with high GDP may still have significant income inequality and poverty.