ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not an economic measure of development?
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GDP
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Purchasing Power Parity
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GNI
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literacy rate
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Explanation:
Detailed explanation-1: -The correct answer is geographical conditions.
Detailed explanation-2: -Gross domestic product (GDP) is a more useful measure of the economy than gross national product (GNP), which is mostly used to understand the total income of a country’s residents during a certain time period.
Detailed explanation-3: -Per capita income cannot be a true measure of development.
Detailed explanation-4: -Black money is not an indicator of Socio Economic Development.
Detailed explanation-5: -Quarterly growth at an annual rate. The four-quarter or “year-over-year” growth rate. The annual average growth rate.
There is 1 question to complete.