CUET Preparation Today
Rise in GDP lead to rise in which of the following? |
Increase in new taxes Cost of Production Disposable income of people None of the above |
Disposable income of people |
Rising GDP means more jobs are likely to be created, and workers are more likely to get better pay rises resulting in increase in disposable income. If GDP is falling, then the economy is shrinking - bad news for businesses and workers. |
