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Economics A Level

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Question:

Why may using GDP / GNI Per Capita figures distort Economic Development?

Author: go kys



Answer:

-National Income Data will not give out a lot of 'Quality of Life' Factors like Leisure Time people have or their Health -National Income data ignores Economic Welfare brought via the Hidden Economy, which is an Activity not recorded by the Government. this can be a huge Chunk in some Developing Nations' economies found in Latin America, and Sub-Saharan Africa.


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go kys
go kys