send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Claim your free MCQ
Please specify
Sorry for the inconvenience but we’re performing some maintenance at the moment. Website can be slow during this phase..
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
Type your modal answer and submitt for approval
Which of these is a limitation in the measurement of social welfare using GDP at constant prices as an index?
Increase in population size
Change in working conditions
Composition of production
All of these
- Increase in population size: GDP at constant prices might show overall economic growth, but if the population grows rapidly, GDP per capita may not increase, potentially indicating stagnant or decreasing individual well-being.
- Change in working conditions: GDP doesn't account for qualitative factors like working conditions. Improved or worsened working environments can significantly affect social welfare but remain invisible in GDP figures.
- Composition of production: GDP measures total output but doesn't consider whether production is of beneficial goods. Increased production of harmful goods could lead to a higher GDP but lower welfare.
- All of these: Each of the above factors represents a limitation of GDP in measuring social welfare.
By: santosh ProfileResourcesReport error
Access to prime resources
New Courses