Increase in GDP does not indicate increase in welfare of people if there is deep economic divide in the economy.
True of False with Reasons:
An increase in GDP does not indicate increase in welfare of people if there is deep economic divide in the economy.
Anurag Pathak Changed status to publish December 11, 2023
True,
An increase in income inequalities will not lead to an increase in the welfare of people in spite of a rise in GDP.
Anurag Pathak Changed status to publish December 11, 2023
