Question

Economic development is not fully measurable because it is measured based on both quantitative as well as qualitative variables.

• A. True
• B. False

Answer 1

The correct option is A True

True.

Economic development refers to the economic growth of the economy in both quantitative as well as qualitative terms which includes all aspects and has become a main and central theme of economic thought throughout the years. It includes reduction in poverty, income inequality as well as unemployment.