Economic Progress

Q.

What Are Examples of Economic Development?

Q. Which of the following is true regarding economic progress and economic development?

1. Economic progress is qualitative, whereas economic development is quantative.
2. Economic progress is quantitative, whereas economic development is qualitative.
3. Both economic progress and economic development are quantitative.
4. Both economic progress and economic development are qualitative.

Q.

What are the measures of economic development?

Q.

What are the examples of economic development?

Q. Economic progress is unidirectional, whereas economic development is multidirectional.

1. False
2. True

Q. Which of the following explains economic development?

A - Increase in production due to expansion of cultivable land

B - Increase in production due to hybrid seeds

C - Employment of advanced farming techniques

1. Only A
2. A and B
3. B and C
4. A, B, and C

Q. Which of the following refers to the increase in the monetary output of the economy?

1. Gross domestic product
2. National income
3. Economic progress
4. Economic development

Q. Economic progress refers to the increase in the monetary output. It also refers to the overall well-being of the population.

1. False
2. True

Q. Which of the following statements is correct?

1. Economic progress is qualtitative, while economic development is quantitative.
2. Economic progress is quantitative, while economic development is qualitative.
3. Both economic progress and economic development are qualitative.
4. Both economic progress and economic development are quantitative.