GDP of a country cannot be taken as an index of the Welfare of the people of a country. Why? 1. Rise in the GDP may be concentrated in the hands of very few individuals or firms2. Many activities in an economy are not evaluated in monetary terms3. Other externalities which refers to the benefits or harms a firm or an individual causes to another for which they are not paid or penalised - Study24x7
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 GDP of a country cannot be taken as an index of the Welfare of the people of a country. Why? 1. Rise in the GDP may be concentrated in...

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A

1 and 2 only

B

1 and 3 only

C

3 only

D

1, 2 and 3

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