Question

4. A. Why GNP as indicator of growth faced a substantiating objective, and what are the mechanism used to overcome the problem?

B. Why is development occurred as empirical studies often contradictory or ambiguous?

Answer 1

in the market. However, Неле ее produced for and services а no of goods conoch are agricultural gods) по terms monetary (A) As an indicator of growth, GNP has some we of and is not considered as a holistic meas development Primarily, and includes only the final sales of ever, Services that care produced in the mark there are a nord goods con home consumption (like agricultural gods) an that cannot be measured in monet there is (like household work by wife). Not including an underestimation of economic growth. Secondly, GNP does not measure growth peop since it fails to incorporate factors such as edu services health are which quality & for ancial a good G standard of denoten Study B) The empirical studies on development are contradictory & anbiguous due to many reasons. Primarily different studied use different measures of development & define development in varned ways. Secondly, the methodology adapted to may sken the results in lufte in apposite opposite direction. 3rdly, there may be error in implementation to study adopted the may sken