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GDP-Wealth Distribution

Why is GDP a poor measure of wealth distribution?

Could the socio-demographic factors be an answer? What does wealth distribution means.

Solution Preview

GDP is a measure of the quantity of the goods and services that can be bought with the income of all individuals in the economy, in a year. Thus The GDP is Gross Domestic Product. Gross Domestic Product (GDP) is the total value of final goods and services produced ...

Solution Summary

GDP-Wealth Distribution is overviewed.