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quester [9]
3 years ago
14

What are the limitations of gdp and gnp

Business
2 answers:
Ipatiy [6.2K]3 years ago
8 0

Limitation of Gross Domestic Products (GDP) Includes

GDP does not make any measures of welfare and only includes market transactions.GDP does not describe income distribution and what is being produced.

Failure to indicate whether the nation's rate of growth is sustainable or not and no degree of income inequality in society

Limitation of Gross National Products :

The same difficulty regarding economic and social costs arises because there is no identity between the economic costs of producing the current national output and the social costs of the output.

shutvik [7]3 years ago
7 0

The limitations of GDP. GDP is a useful indicator of a nation's economic performance, and it is the most commonly used measure of well-being. However, it has some important limitations, including: The exclusion of non-market transactions.

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A customer owns shares of restricted stock and now intends to sell them. if the proper forms are filed with the sec, the customer may sell these shares Over a 90-day period.

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2 years ago
"Which of the following is correct?
ICE Princess25 [194]

Answer: Option (B) is correct.

Explanation:

The nominal GDP is equal to the real GDP in the base year, that's why GDP deflator in the base year is equal to 100.

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GDP deflator = \frac{Nominal\ GDP}{Real\ GDP} \times 100

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5 0
3 years ago
All else being equal, decreasing sample size will
Tom [10]

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Online calculators and worksheets can help you find answers to financial planning and investing questions. Group of answer choic
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True, the various online calculators and worksheets can help one to find answers to financial planning and investing question.

Today, the computer application which are programmed to provided the solutions to different level of financial planning and investing question can not be assessed online.

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