O-LevelEconomicsEconomic development2281/12 · Oct/Nov 2015 · Q241 Mark

Why might real GDP per head not be a good indicator of the standard of living in developing countries?

AIt does not account for inflation.

BIt does not account for population changes.

CIt does not include primary production.

DIt does not include unpaid work on farms.

✓ Correct answer

D: It does not include unpaid work on farms.

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Topic: Economic development, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2015 Paper 1 Variant 2, question 24.

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