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Gdp reveals nothing about the way output is distributed.
true or false?

User ToTamire
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1 Answer

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Final answer:

GDP is a measure of a country's economic output but does not show income distribution or account for the variety of available goods and services.

Step-by-step explanation:

The statement that GDP reveals nothing about the way output is distributed is true. GDP, or Gross Domestic Product, is a measure of a country's economic output, but it does not provide any information on how that output is distributed among the population. An increase in GDP per capita, which is the average economic output per person, does not detail how this increase is spread across society.

It might be the case that the wealthier segments of the population have experienced significantly higher gains while others have seen little to no benefits, thereby exacerbating income inequality. Furthermore, GDP does not account for the variety of goods and services available in the market. Whether a consumer purchases a diverse range of products or sticks to a single type, GDP only concerns itself with the total expenditure and not the spread of consumer choices that contribute to quality of life and personal satisfaction.

User Kenson
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