MyQuestionIcon

10

You visited us 10 times! Enjoying our articles? Unlock Full Access!

Definition of Economics

GDP indicates...

Question

GDP indicates the overall wellbeing and distribution of wealth among the people.

A

True

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

False

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is B False

Suggest Corrections

thumbs-up

0

Similar questions

Q. The Human Development Index measures the overall well-being of humans rather than the accumulation of wealth.

Q. The options contain four Lorenz curves indicating the wealth distribution for four countries. In which of the following cases is the wealth distribution the most uniform?

Q. She distributed all her property and wealth among her sons because _______

Q. Assertion (A): Per capita income is a better indicator than total income to compare the development of nations.

Reasoning (R): Per capita income addresses how income is distributed among people.

Q. Private players undertaking public facilities have led to ____ distribution among different sections of people.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Understanding the Economy

STATISTICS

Watch in App

explore_more_icon

Explore more

Definition of Economics

Standard XI Statistics

Join BYJU'S Learning Program

CrossIcon