Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

Why is the GDP deflator not a complete indicator of economic welfare?

Answer and explanation

Correct answer: It measures only price changes

The GDP deflator is a price index: it compares nominal GDP with real GDP to indicate changes in the prices of domestically produced final output. It does not measure how income is distributed, environmental damage, leisure, health, or the quality of life. Therefore option A best states its limited purpose. Options B and C incorrectly claim comprehensive welfare measurement, while D confuses a price index with a demographic measure.

Related tags

Gdp DeflatorEconomic WelfarePrice IndexMeasurement LimitationsGdp And WelfareNational Income And Related AggregatesEconomicsClass 11 Mcq

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.