GROWTH DEVELOPMENT CHILD
GROWTH AND DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Economic Standards
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Economic Growth
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Economic Development
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Economic Measurement
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Detailed explanation-1: -With this in mind, economic development is typically associated with improvements in a variety of areas or indicators (such as literacy rates, life expectancy, and poverty rates), that may be causes of economic development rather than consequences of specific economic development programs.
Detailed explanation-2: -Economic indicators include measures of macroeconomic performance (gross domestic product [GDP], consumption, investment, and international trade) and stability (central government budgets, prices, the money supply, and the balance of payments).
Detailed explanation-3: -The main social indicators of development include education, health, employment rates and gender equality.
Detailed explanation-4: -This implies that investments in raising the average level of skills could yield large economic returns. Furthermore, the study finds that the average literacy score in a given population is a better indicator of growth than one based solely on the percentage of the population with very high literacy scores.