It is easier to measure GDP in a centrally planned economy than in a market economy.

Question

Quizplus · Accepted Answer

In a centrally planned economy, the government makes all decisions about what to produce, how to produce it, and for whom production is intended, which can make it difficult to accurately measure the value of goods and services because prices do not always reflect supply and demand as they do in a market economy. In a market economy, GDP can be more accurately measured through market transactions that reflect the real value of goods and services.

It Is Easier to Measure GDP in a Centrally Planned