A Recent World Bank Study Found That in South Africa

Multiple Choice

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) Nonmarket activities are excluded.
B) GDP ignores income distribution.
C) The shadow economy is missing.
D) Leisure does not count.