Is gdp a correct index of welfare? yes or no explain

1.	Is gdp a correct index of welfare? yes or no explain
Answer» ANSWER: YES Explanation: Often GDP (real GDP) is considered as an index of welfare of the people. Welfare MEANS sense of MATERIAL well-being among the people. ... When GDP (or GNP) rises, it shows increase in flow of goods & services. Greater AVAILABILITY of goods and services implies higher standard of living which increases economic welfare. HOPE IT HELPS YOU. PLEASE MARK AS BRAINLIEST.

Answer»

YES

Explanation:

Often GDP (real GDP) is considered as an index of welfare of the people. Welfare MEANS sense of MATERIAL well-being among the people. ... When GDP (or GNP) rises, it shows increase in flow of goods & services. Greater AVAILABILITY of goods and services implies higher standard of living which increases economic welfare.

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Is gdp a correct index of welfare? yes or no explain​

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Is gdp a correct index of welfare? yes or no explain