Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Which of the following are the components of economic development?

• A. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Standard of living
• B. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Inequality
• C. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Unemployment
• D. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Economic growth

Answer 1

Answer: (A), (D)

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Economic growth

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> The word development has a deeper meaning. Generally, the development of a nation refers to the improvement in the quality of life. When the standard of living improves with economic growth, we call it economic development.