Question:medium
It may be incorrect to treat GDP as an index of a country's welfare for the following reasons:
A. Externalities
B. Distribution of GDP is not uniform
C. Monetary exchanges
D. Non-monetary exchanges
It may be incorrect to treat GDP as an index of a country's welfare for the following reasons:
A. Externalities
B. Distribution of GDP is not uniform
C. Monetary exchanges
D. Non-monetary exchanges
B. Distribution of GDP is not uniform
C. Monetary exchanges
D. Non-monetary exchanges
Show Hint
GDP is not a perfect welfare index because it ignores externalities, inequality in distribution, and many non-monetary activities.
Updated On: May 12, 2026
- A, B and D only
- A, C and D only
- A, B, C and D
- B, C and D only
Show Solution
The Correct Option is A
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