ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The following are not included in the problem of economic development in Indonesia are ____
A
High national income
B
Poverty and underdevelopment
C
Unemployment
D
Inequality of development outcomes and income
E
Community social gap
Explanation: 

Detailed explanation-1: -Economic development is defined as an increase in a country’s wealth and standard of living. For example, Improved productivity, higher literacy rates, and better public education are all consequences of economic development in a country.

Detailed explanation-2: -Human Resource is not taken as a factor among the non-economic factors which contribute to economic growth.

Detailed explanation-3: -Therefore, Unemployment Allowance is not included in the calculation of National Income.

Detailed explanation-4: -What to produce and what quantity to produce? How to produce? For whom to produce the goods? How efficient are the resources being utilised? Is the economy growing?

There is 1 question to complete.