Practicing Success
Practicing Success
CUET Preparation Today
| Which of the following is considered as a good indicator of economic growth by the economists? |
Steady increase in Gross Domestic Product Economic system Per capita income Happiness index |
| Steady increase in Gross Domestic Product |
| The GDP is the market value of all the final goods and services produced in the country during a year. You can think of the GDP as a cake and growth is increase in the size of the cake. If the cake is larger, more people can enjoy it. It is necessary to produce more goods and services if the people of India are to enjoy (in the words of the First Five Year Plan) a more rich and varied life. |
