ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
If a country wants to increase its GDP, what actions could be taken?
A
open more schools or training programs
B
improve roads, bridges, used for transporting goods
C
lower taxes to encourage citizens to open businesses
D
all answers would help
Explanation: 

Detailed explanation-1: -India may do well by reducing its import dependence and establishing domestic capacity, which calls for a substantial increase in public sector investment.

Detailed explanation-2: -In broad terms, an increase in real GDP is interpreted as a sign that the economy is doing well. When real GDP is growing strongly, employment is likely to be increasing as companies hire more workers for their factories and people have more money in their pockets.

Detailed explanation-3: -Tax Cuts and Tax Rebates. Stimulating the Economy With Deregulation. Using Infrastructure to Spur Economic Growth.

Detailed explanation-4: -Accumulation of capital stock. Increases in labor inputs, such as workers or hours worked. Technological advancement. 01-Jun-2015

There is 1 question to complete.