GDP cannot be used for international comparisons because
A)countries differ in the share of economic activity done in organized markets.
B)countries are similar in the skills of the labor force.
C)countries differ in population statistics.
D)countries differ in political structure.

Question

Quizplus · Accepted Answer

GDP cannot be used for international comparisons because countries differ in the share of economic activity done in organized markets. Some countries have a larger informal or black market sector, which is not captured in official GDP calculations. This makes it difficult to accurately compare the economic output of different countries using GDP alone.

GDP Cannot Be Used for International Comparisons Because