Post Utme Veritas University 2025 Economics Question 1

Practice objective / multiple choice question 1 from the 2025 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2025 Economics Objective / Multiple Choice

Question 1 POST_UTME_VERITAS_UNIVERSITY • 2025 • ECONOMICS • objective

A country's economic growth is often measured by its GDP. However, GDP has some limitations. What is one of the main criticisms of GDP as a measure of economic growth?

Answer Options

Correct Answer A. GDP does not account for income inequality.

B. GDP does not account for the environmental impact of economic activity.

C. GDP does not account for the quality of goods and services produced.

D. GDP does not account for the distribution of income among different sectors of the economy.

Correct Answer

Correct Option:

GDP does not account for income inequality.

About This Question

This is Post Utme Veritas University 2025 Economics Question 1. It is one of the objective questions from the 2025 Post Utme Veritas University Economics examination.

View More Post Utme Veritas University 2025 Economics Questions More Post Utme Veritas University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support