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11 July, 07:10

Gdp is the best measurement of a country's economy. explain why you agree or disagree with this statement

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  1. 11 July, 09:33
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    GDP is designed to assess the production of goods in a market economy by output. However, it is not efficient in accounting for public and private services that without output that are easily countable by the number of units produced. GDP is not also well suited in measuring improvements in the diversity and quality of goods and services. It is also poor in estimating the depletion of resources. Finally, it doesn't also reflect the degradation of the environment involved in the production process.
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