Question:
Why may using GDP / GNI Per Capita figures distort Economic Development?
Author: eric_galvaoAnswer:
-National Income Data will not give out a lot of 'Quality of Life' Factors like Leisure Time people have or their Health -National Income data ignores Economic Welfare brought via the Hidden Economy, which is an Activity not recorded by the Government. this can be a huge Chunk in some Developing Nations' economies found in Latin America, and Sub-Saharan Africa.
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