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

Which of the following best shows a dual limitation of GDP as a welfare measure?

Answer and explanation

Correct answer: It incompletely reflects both non-market services and environmental damage

The governing concept is that GDP records measured market production, not every element of human well-being. Unpaid household services and other non-market contributions may be omitted or undervalued, while pollution and environmental damage can reduce welfare without being fully deducted from GDP. Thus option C identifies two genuine limitations together. Option A makes a false claim of completeness, and B and D wrongly restrict GDP to agriculture or population.

Related tags

Non-Market ServicesEnvironmental DamageGdp LimitationGdp 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.