A weakness in concept of GDP is that it ignores income distribution true or false

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A weakness in concept of GDP is that it ignores income distribution true or false

A weakness in concept of GDP is that it ignores income distribution
true or false

business economics

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Answer 1

Answer #1

True

Gdp gives the total income generated in the year. It does take into effect the price effect and population. Income distribution cannot be known from gdp.

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Answer 2

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A weakness in concept of GDP is that it ignores income distribution true or false

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True or false. with explanation The expenditures and income approaches to GDP yield identical results because...

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A weakness in concept of GDP is that it ignores income distribution true or false

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A weakness in concept of GDP is that it ignores income distribution true or false