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Can we consider GDP às a …

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Can we consider GDP às a good indicator to welfare country 5 points
  • 1 answers

Preeti Dabral 2 years, 5 months ago

The given statement can be defended on the following grounds, as GDP may not take into account:

  1. Non-monetary exchanges like services of housewives.
  2. Externalities are Negative (benefits/harms) caused by human activities.
  3. Distribution of Income if it is unequal (GDP).
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