Which limitation of GDP as a welfare measure relates to both non-market production and the environment?
Answer and explanation
Correct answer: यह बिना भुगतान सेवाओं और पर्यावरणीय लागतों को पूरी तरह नहीं दर्शाता
GDP records the monetary value of many market transactions, but it usually omits or incompletely values unpaid household services. It also does not automatically subtract pollution, resource depletion, or other environmental damage. Therefore option C identifies both limitations. Options A, B, and D are false descriptions of national accounting and do not address the combined welfare problem.
Frequently asked questions
What is the correct answer to this question?
यह बिना भुगतान सेवाओं और पर्यावरणीय लागतों को पूरी तरह नहीं दर्शाता
Why is this the correct answer?
GDP records the monetary value of many market transactions, but it usually omits or incompletely values unpaid household services. It also does not automatically subtract pollution, resource depletion, or other environmental damage. Therefore option C identifies both limitations. Options A, B, and D are false descriptions of national accounting and do not address the combined welfare problem.
Which subject and chapter does this question cover?
This is a Class 11 Economics question. Chapter: National Income and Related Aggregates. Topic: GDP and Welfare.
