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Is it true to say that …

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

    • Posted by Suhani Mantri 4 years, 10 months ago

    CBSE > Class 12 > Economics
    • 5 answers

    Anju Mirakhur 4 years, 9 months ago

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

    1Thank You

    Mohd Muaz Malik 4 years, 9 months 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.

    0Thank You

    Shubh Tomar 4 years, 9 months ago

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

    1Thank You

    Rohit Beniwal 4 years, 9 months ago

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

    1Thank You

    Sandeep Sah 4 years, 10 months 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

    2Thank You

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