CHILD DEVELOPMENT PEDAGOGY

Detailed explanation-1: -This statement is false. Economic development is a broader concept than economic growth. Besides economic growth (as measured in terms of increase in the national income), it comprises of improvement in various other factors as well such as education, health, equality, etc.

Detailed explanation-2: -A pick-up in growth-through a stimulus to the demand side of the economy, for instance increased government spending on infrastructure-will result in more jobs. The extent of job creation in the short run varies across countries.

Detailed explanation-3: -Economic growth without economic development is possible. Economic growth without economic development is possible. This is because economic growth is a narrower concept than economic development. Economic growth of a nation is measured in terms of rate of growth of GDP over a period of time.

Detailed explanation-4: -And when economic activity is low, firms reduce their workforce and unemployment rises. In that sense, unemployment is countercyclical, meaning it rises when economic growth is low and vice versa. But unemployment does not fall in lockstep with an increase in growth.