Measures Of Economic Development

about economic development?

hi there people
i need help on this question please
explain the limitations of using changes in a country’s GDP as a measure of changes in its level of economic development

cheeersx

Since GDP is a total of several components, you could have two factors changing at the same time, one with a heavier correlation with economic development, and one with a lesser correlation, and you would appear to have no change in economic development if the net GDP change was zero.

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