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Indian Economy

The most appr...

Question

The most appropriate measure of a country’s economic growth is its:

A

Gross Domestic Product

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B

Per Capita Real Income

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C

Net Domestic Product

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D

Net National Product

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E

None of these

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Solution

The correct option is B
Per Capita Real Income

The most appropriate measure of a country’s economic growth is its Per Capita Real Income.

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Similar questions

Q. A state’s (NDP) is an annual measure of the economic output of a state. NDP stands for ____.

Q. Net domestic product at factor cost is less than national income when ______________.

Q. Distinguish between:

Net national product and Net domestic product.

Q. Why is the net national product (NNP) considered the true measure of national output rather than the gross domestic product (GDP)?

Q. Fill in the blanks with appropriate alternative given in the bracket.

1. Economic growth without__________ is possible.
(Economic development, education, capital, trade)

2. In modern times the_________is an economic leader
(entrepreneur, actor, social worker, minister)

3. Industrial development increases_______________
(Poverty, population, urbanization, unemployment)

4. Per capita income is ____________ divided by the total population.
(Per capita consumption, national income, human development, human development, net national product.)

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