Why can real GDP growth fail to mean economic development?
A
GDP measures economic welfare directly, including income distribution and quality of life.
B
GDP growth always reduces poverty and raises every person's living standards.
C
GDP includes health, education, equality and freedoms, so growth guarantees development.
D
GDP can rise while health, education, poverty, equality or freedoms remain poor.
Solutions Flashcards
Flashcards for Eduqas A Level Economics Solutions, covering the key terms, economic models and case studies you need to recall for Component 1, Component 2 and Component 3. 24 cards, matched to the Eduqas A Level Economics (A520QS) specification.