Question 3 (4 points) ? Saved
A recent World Bank study found that in South Africa, the top 1% of the population have
about 71% of the wealth in the economy, and the lowest 60% of the population have about
7% of the wealth in the economy. What shortcoming of GDP measurement does this
finding reflect?
a) The shadow economy is missing.
b) Nonmarket activities are excluded.
c) GDP ignores income distribution.
d) Leisure does not count.