Economic Growth and Economic Development

Q.

What Are the Sources of Economic Growth?

Q.

How does economic growth lead to economic development?

Q. I am an increase in the production of goods and services in an economy.

Who am I?

1. Inclusive growth
2. Social growth
3. Sustainable growth
4. Economic growth

Q. Identify the term that defines the development that meets the needs of the present without compromising the ability of the future generations.

1. Human development
2. Sustainable development
3. Economic development
4. Economic growth

Q. Which of the following can be considered as indicator(s) of economic growth of the country?

1. Good education institutions
2. High income
3. Good health facilities
4. High income inequality

Q. Which of the following is not a part of the definition of economic development given by Prof. Meier and Baldwin?

1. Process
2. Real national income
3. Per capita income
4. Long period

Q. Afzi is appointed as the Minister for Planning and Development of a newly liberated country. What must Afzi facilitate to put the country on the road to economic development?

1. Production of more goods and services
2. Procurement of defence assets
3. Strenghtening ties with foreign powers
4. Forming military alliances

Q. The word ___________ refers to progress in a particular field or a specific set of people.

1. development
2. success
3. headway
4. growth

Q. Countries are said to be making ______ when they provide facilities to their citizens.

1. progress
2. disgress
3. poor income
4. poor policies