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Is it true to say that GDP is the real indicator of welfare ?

Posted by Suhani Mantri 4 years, 1 month ago

CBSE > Class 12 > Economics

5 answers

Anju Mirakhur 4 years, 1 month ago

Per capita income is related to measure the welfare in the economy

Mohd Muaz Malik 4 years, 1 month ago

Yes, it's not truth, may be GDP increase through inflation. If GDP increase, may be population rate increased twice of GDP. May be GDP increased due to rich people, its leads unequal distribution of income.

Shubh Tomar 4 years, 1 month ago

Only real Gdp indicate the welfare in economy .... So thats not true gdp is indicator of welfare .....

Rohit Beniwal 4 years, 1 month ago

Yes because where gdp is rises than the social welfare is in positive way and poverty decreases

Sandeep Sah 4 years, 1 month ago

no it is not true and it is not relevant to say is GDP is a real indicator of welfare since there is no relation between GDP and social welfare

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