Question:
Development means
(1) sustainable increase in Gross National Income.
(2) removal of income disparity of rural population.
(3) economic growth with changes in economic structure.
(4) increase in country’s real Gross Domestic Product.
(5) improvement in the average citizen’s quality of life.
Correct Answer:
(5)
Answer Explanation:
While economic growth strictly measures the increase in real GDP, economic development is a broader, multidimensional concept. It encompasses structural changes, reduction of poverty, and an overall improvement in the average citizen’s quality of life, including health and education.
Topic: Economic Development Year: 2022
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