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Question
Who gave the following definition?
"Economic Growth can be defined as an increase in overtime in per capita output of material goods".
Who gave the following definition?
"Economic Growth can be defined as an increase in overtime in per capita output of material goods".
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Solution
The correct option is A Paul Baran
"Economic
Growth can be defined as an increase in overtime in per capita output of
material goods". This definition is given by Paul Baran. A
sustained increase in real per capita income is the true index of
economic growth. It talks about quantitative increase but not
qualitative increase.
"Economic Growth can be defined as an increase in overtime in per capita output of material goods". This definition is given by Paul Baran. A sustained increase in real per capita income is the true index of economic growth. It talks about quantitative increase but not qualitative increase.
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