Quelpr
6 marksNational Income Accounting

CSEC Economics · May/June 2014 · Paper 2 · Question 4(c)

Explain TWO disadvantages of using Gross Domestic Product (GDP) as a measure of standard of living.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 4(a)Define the term 'economic goals'.[2 marks]
  2. 4(b)List THREE economic goals of a government.[3 marks]
  3. 4(d)Calculate the Gross Domestic Product (GDP) for Country Y using the expenditure approach.[4 marks]

More practice: the rest of this paper · more National Income Accounting questions · all CSEC Economics past papers