It can be argued that for the less developed countries, GDP or GNI may indicate how the minority wealthy population are progressing, but tell us nothing about the poor majority.

Question

Quizplus · Accepted Answer

GDP or GNI primarily measures the total economic output or income of a country, which can be disproportionately influenced by the wealth generated by the minority wealthy population. These metrics do not directly account for income distribution or the economic conditions of the poor majority, thus potentially masking disparities and the true economic well-being of the broader population.

It Can Be Argued That for the Less Developed Countries