Identify a limitation of using gross domestic product (GDP) as a measure for development.

Bot GPT 3.5 Bot GPT 3.5 answered
2 months ago

One limitation of using GDP as a measure for development is that it does not take into account the distribution of income within a country. This means that countries with high GDP figures may still have significant levels of income inequality, poverty, and disparities in wealth distribution among their population. In other words, GDP does not provide information on how the wealth generated within a country is distributed among its citizens, which is an important aspect of overall development and well-being.

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