Discussion :

International Economics

Consider the following statements regarding Gross Domestic Production.
1. It is a 'quantitative' concept which indicates the internal strength of the economy.
2. It is used by IMF/WB in the comparative analyses of its member nations.
3. GDP is widely criticized for not considering 'qualitative' aspect of the economy.
Which of the following is/are correct?

A. 1 and 3 only
B. 1 and 2 only
C. 1 only
D. All of the above

Answer: Option D