Which of the following explains the term economic growth? a. Increase in per capita production b. Increase in per capita real income c. structural change in the economy d. all the above are right

Which of the following explains the term economic growth?
a. Increase in per capita production
b. Increase in per capita real income
c. structural change in the economy
d. all the above are right
by

1 Answer

Answer :

d. all the above are right
There is no single definition that can define the term economic growth. However,
there are various indicators that explain the term
by

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Last Answer : (1) Growth in Percapita Real Income from year to year. Explanation: Per capita Gross National Product (GNP) is the best index of development. It can be derived by dividing the GNP of a ... its world development report 1998, classified the countries in the world on the bases of per capita GNP.

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Last Answer : Growth in Percapita Real Income from year to year.

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Last Answer : A. Rise in National Income

Economic growth is measured by (a) Increase in national income (b) increase in infrastructure (c) increase in economic welfare (d) urbanisation

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Last Answer : (a) Increase in national income

Gross National Product - Depreciation Allowance =? (1) Per Capita Income (2) Gross Domestic Product (3) Personal Income (4) Net National Product

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Last Answer : (2) per capita income Explanation: Per capita income or average income or income per person is the mean income within an economic aggregate, such as a county or city. It is calculated by taking a ... not a good standard of measuring standard of living as it is income of one person of the country.

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