To alleviate poverty, the government can either target GDP growth or increase spending in social sectors. State true or false.
True
False
False. The government has to adopt both methods simultaneously.
Purely financial activities have no effect on the GDP - either directly or indirectly. State true or false.
Jobless growth occurs when GDP growth is 'technology driven' rather than 'employment driven'. State True or False.
Both nominal and real GDP increase with the rise in the price level. State true or false.
Human capital formation raises the production level and leads to economic growth by adding to GDP. State true or false.