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It fails to account for foreign earnings- thus resulting in a false perception of the development gap. This is because wealthier countries have a larger proportion of their wealth produced abroad therefore, without this, their GDP seems more similar to that of a lower income country compared to the reality.
What else can I help you with?
What are thetwo disadvantages of this concept in determining consumer behaviorand how are these disadvantages overcome?
What are some disadvantages or advantages in chemical energy?
What are the advantages and disadvantages of using GDP over GNP?
The adavantage of using GDP is it shows how much you have grown capared to the nations around you. The bad thing is that it does not show the inflation. With GDP you can not compare a country from year to year. But there is a solution. Use Real GDP, this uses a fixed price, and it shows how much you are really producing from one year to anouther.
Find Two advantages and two disadvantages HDI?
Disadvantages... Not accurate as data is unreliable. It doesn't measure politics or gender equality Advantages.. Good composite indicator - gives us more of an idea than just GDP or life expectancy Easy to rank countries as it is a uniform measure
Advantages and disadvantages of collusive oligopoly?
The disadvantages and advantages of collusion
What are the advantages to using GDP?
The advantages of using GDP include the measurement of total domestic consumption. Total domestic investment expenditures and net exports are also clearly measured with the use of GDP.
What are some advantages and disadvantages of being a dentist?
What are some advantages and disadvantages of being a dentist
What are some advantages and disadvantages of being a teller?
what are some advantages and disadvantages about being a teller
What are disadvantages and disadvantages of autocracy?
what are some advantages and disadvantages of dictatorship
Advantages and disadvantages of child care services?
what are some advantages and disadvantages of child care service
Advantages and disadvantages for Charlemagne and for Europe?
What would be some disadvantages
What are some advantages in predial larceny?
No Advantages Disadvantages Only
Disadvantages and advantages of displaying religion?
Disadvantages--it may offend some people. Advantages--remind one of spiritual path.
What are some advantages of being gay?
There are no advantages, and the disadvantages are only because of prejudice and hate. One day, there will be no disadvantages either.
What are some advantages and disadvantages of leisure activities?
You can get addicted to it
What are some disadvantages and advantages of being a parasite?
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Advantages kg disadvantages of using inorganic refrigerants?
There are several advantages and disadvantages of using 1 KG inorganic refrigerants. Some of the advantages and disadvantages are cost, energy efficiency, safety issues, and system issues.
What are the advantages and disadvantages of the UN?
disadvantages advantages of osx
