Economic Development
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Q.
National income estimates in india is prepared by
Q.
What Is The Most Common Method Of Measuring The Economic Development Of A Country
Q. Explain the difference between economic progress and economic development.
Q. Which of the following refers to the total monetary value of all goods and services produced in the country?
- Gross Domestic Product
- National Income
- Per Capita Income
- Gross National Product
Q. India has witnessed a drastic growth in national income, per capita income, and living standards. Hence, it has become developed.
- False
- True
Q. Which of the following refers to the overall well-being of the population?
- Economic progress
- Economic development
- Gross domestic product
- National income
Q. Which of the following refers to the the total income or the total monetary value of all goods and services produced in the country?
- National product
- Domestic product
- National income
- Per capita income
Q. Which of the following refers to the income earned by a person in a region or country in a given year?
- National income
- Per capita income
- Gross domestic product
- Gross national product
Q. Which of the following does not fall under standards of living?
- Economic production
- Education
- Electricity
- Entertainment
Q. Which of the following refers to the improvement in the living standards of the population?
- Progress
- Development
- Per capita income
- Human resource
Q. Imagine two developing countries X and Y. They decide to import logistics support from a developed country Z and employ it in the field of agriculture. Agricultural production increases in both X and Y. Country X discourages private players from interfering in agriculture, whereas Y allows private players to participate. The fruits of agricultural production reach the masses in the country X, whereas in the country Y, the private players exploit the resources for their own profit.
Identify the type of economy and economic growth in the countries X and Y.
Identify the type of economy and economic growth in the countries X and Y.
- X: Social system and progress in agriculture
Y: Market system and progress in agriculture - X: Social system and progress in agriculture
Y: Market system and development in agriculture - X: Market system and progress in agriculture
Y: Social system and development in agriculture - X: Market system and development in agriculture
Y: Social system and progress in agriculture