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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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Answer: Axle has the better turnover for both years.

Explanation:

Accounts Receivable Turnover ratio is used to measure the amount of times in a year that a company is able to collect payment from it's Receivables.

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Axle had a Turnover ratio of 11 last year and a Turnover of 9.9 this year which is better than Betterman in both years. This means that Axle had the best Turnover for both years.

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Suppose you purchase a $5,000 bond that pays 7% interest annually and matures in five years. If the inflation rate during the ne
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2.88%

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