Evaluate the following population statistics to choose the one to best determine where to post advertisements for a job fair.(1 point)
a. unemployment rates
b. income
c. education
d. population
The correct limitation of using gross domestic product (GDP) as a measure for development is option 3. It doesn't account for income distribution. GDP measures the total value of goods and services produced within a country's borders, but it doesn't provide information about how that income is distributed among the population. Therefore, it doesn't capture the inequality or disparities in income distribution within a country, which is an important aspect of development.
What conclusion can you draw about a country on the basis of its gross domestic product (GDP)?(1 point)
a. how high a quality of life its people enjoy
b. how much purchasing power the average citizen has
c. how long its people can expect to live on average
d. how many goods and services it produces in a year
The correct conclusion to draw about a country based on its gross domestic product (GDP) is option d. GDP indicates the total value of goods and services produced within a country's borders in a given period of time (usually a year). Therefore, it provides information about the country's economic output or productivity. It does not directly determine the quality of life, purchasing power, or life expectancy of its people. These factors may be influenced by GDP, but they are not directly measured by it.
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Question
Identify a limitation of using gross domestic product (GDP) as a measure for development.(1 point)
1. It overemphasizes health indictors such as life expectancy.
2. It overemphasizes environmental sustainability.
3. It doesn’t account for income distribution.
4. It doesn’t account for the value of services in the economy.