Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy:1950-1990

Question:

What do you understand by growth of the country?

Options:

Increase in the production of goods and services within a country.

Increase in the happiness index of the country.

Decrease in the gender parity ratio of the country.

Increase in standard of living of people in the country.

Correct Answer:

Increase in the production of goods and services within a country.

Explanation:

The growth of a country is always measured in terms of % increase in GDP. GDP stands for gross domestic product that tells us the final monetary value of goods and services produced within a country.