Question

the inclusive wealth index was created as a replacement for gdp for which reason, failure of GDP to account for literacy rate, unemployment rate, wealth, or resources within a nation

Answer 1

Answer:

failure of GDP to account of wealth.

Explanation:

the main reason for the creation of inclusive wealth index as a replacement for GDP because GDP can't tells us about the multi-dimensional nature of development. The inclusive wealth index measures the wealth of nations with the help of comprehensive analysis of production of a country. That is, it measures all of the assets including manufactured, human and natural capital of the country GDP is an indicator of a standard of living of a society while on the other hand, inclusive wealth index is an indicator of the wealth present in a country/