Whys gross domestic policy not necessarily an accurate measure of a nations standard of living

1 answer:

4 0

GPA is not a good measure of a nations standard of living because it does not include transactions where money is not exchanged in hands.

For example, GPA includes buying a meal at a restaurant but does not include making a similar meal at home.
It includes farmers growing and selling crops, but not people having gardens in their backyard.

I hope this helps!

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