Read the Passage given below and answer the following question. (Q 2)

Both growth and development refer to changes over a period of time. The difference is that growth is quantitative and value neutral. It may have a positive or a negative sign. This means that the change may be either positive (showing an increase) or negative (indicating a decrease). Development means a qualitative change which is always value positive. This means that development cannot take place unless there is an increment or addition to the existing conditions. Development occurs when positive growth takes place. Yet, positive growth does not always lead to development. Development occurs when there is a positive change in quality.

Which of the following statement (s) is/are correct?

None of the above.

For many decades, a country’s level of development was measured only in terms of its economic growth. This meant that the bigger the economy of the country, the more developed it was considered, even though this growth did not really mean much change in the lives of most people. However, now a days the quality of life people enjoy in a country, the opportunities they have and freedoms they enjoy, are considered as important aspects of development.