Economics 2281 · O Level · Living standards

Living standards — practice question

In the countryside of developing countries, farmers produce food mainly for themselves to eat. Why could this make GDP a poor indicator of the standard of living in those countries?

  • AThe food grown is not exported.
  • BThe GDP does not include agricultural production.
  • CThe GDP only refers to the public sector.
  • DThe value of the food is unknown.

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