Answered

At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Get the answers you need quickly and accurately from a dedicated community of experts on our Q&A platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

Which of the following is an argument that economists would most likely use to justify the need for a replacement for
GDP?
GDP fails to reflect income.
OGDP fails to reflect value of services.
GDP fails to reflect value of income and goods.
OGDP fails to reflect true wealth and assets.

Sagot :

Answer: GDP fails to reflect true wealth and assets.

Explanation:

The gross domestic product is referred to as the total monetary value of every finished goods and the services that are being produced within a particular country's at a certain period.

Economists would most likely justify the need for a replacement for GDP because GDP fails to reflect true wealth and assets. This is because the depreciation of assets and its depletion isn't reflected by the GDP. Also, it doesn't show if wealth accumulation tallies along with the growth in population.

We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.