Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy:1950-1990

Question:
Which indicator is often used to measure economic growth?
Options:
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Unemployment rate
All of the above
Correct Answer:
Gross Domestic Product (GDP)
Explanation:
A good indicator of economic growth is a steady increase in the Gross Domestic Product (GDP), which represents the market value of all final goods and services produced in a country during a year.