2 years ago

2. Is GDP 100% accurate? Explain your answer.

Social Studies

1 answer:

Anestetic [448]2 years ago

4 0

Answer: Real Gross domestic product (GDP) is a more accurate reflection of the output of an economy than nominal GDP

Explanation:

GDP is a deeply flawed measure of economic progress. It has three larger problems: It miscounts costs as benefits. Money spent to fix damage, as from strong weather and human accidents, adds to bottom line, though these are costs we seek to avoid, not benefits we want to increase. I not sure this right answer but your welcome kind like a idea what it is

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