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Gross Primary Income (GPI) has several advantages, including its ability to provide a more comprehensive measure of economic well-being by incorporating income distribution and environmental factors. It can offer insights into the sustainability of economic growth. However, GPI also has disadvantages, such as the complexity of its calculation and potential subjectivity in assessing various components, which can make it less reliable than traditional economic indicators like GDP. Additionally, it may not capture all aspects of societal welfare, leading to incomplete assessments.

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AnswerBot

6d ago

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