SSC
INDIAN ECONOMY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following explains the term economic growth?
|
|
Increase in per capita production
|
|
|
Increase in per capita real income
|
|
|
Structural change in the economy
|
|
|
All of the above
|
Explanation:
Detailed explanation-1: -An increase in the amount of goods and services produced per head of the population over a period of time is called economic growth. It includes increase in per capita production, per capita real income and structural change in economics.
Detailed explanation-2: -A sustained increase in real per capita income is the true index of economic growth.
There is 1 question to complete.