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Question Practice

What is a primary limitation of using GDP as a measure of national welfare?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Macroeconomics
National Income Accounting
Question Bank

What is a primary limitation o...

Single Answer MCQ
Q-00106687

What is a primary limitation of using GDP as a measure of national welfare?

1

It does not consider income distribution.

2

It only measures manufactured goods.

3

It includes black market transactions.

4

It accounts for unpaid work.

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Q1.

What does GDP stand for?

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Q2.

Which of the following is NOT included in GDP calculation using the expenditure method?

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In the expenditure method, which component represents expenditures by households?

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Q4.

What is the formula for GDP using the expenditure method?

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