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Which of the following are important indicators used to measure development?
- a)Per Capita Income
- b)Literacy Rate
- c)Human Development Index
- d)Gross Domestic Product
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which of the following are important indicators used to measure develo...
Importance of Gross Domestic Product (GDP) as an Indicator of Development
Gross Domestic Product (GDP) is a crucial indicator used to measure development in a country. Here are some reasons why it is important:
1. Economic Growth:
- GDP reflects the total value of all goods and services produced within a country in a given period. A higher GDP indicates economic growth and development.
2. Standard of Living:
- GDP per capita, which is GDP divided by the population, gives an idea of the average income and standard of living in a country. Higher GDP per capita generally means a higher standard of living.
3. Investment and Employment:
- A growing GDP often leads to increased investment opportunities and job creation, which are essential for development.
4. Government Revenue:
- GDP influences government revenue through taxes. A higher GDP usually means higher tax revenue, which can be used for social welfare programs and infrastructure development.
5. Comparison with Other Countries:
- GDP allows for comparison of economic performance between countries. It helps in identifying disparities and areas for improvement in development efforts.
In conclusion, while there are other important indicators like literacy rate and human development index, GDP remains a key measure of development due to its comprehensive reflection of a country's economic performance and standard of living.
Gross Domestic Product (GDP) is a crucial indicator used to measure development in a country. Here are some reasons why it is important:
1. Economic Growth:
- GDP reflects the total value of all goods and services produced within a country in a given period. A higher GDP indicates economic growth and development.
2. Standard of Living:
- GDP per capita, which is GDP divided by the population, gives an idea of the average income and standard of living in a country. Higher GDP per capita generally means a higher standard of living.
3. Investment and Employment:
- A growing GDP often leads to increased investment opportunities and job creation, which are essential for development.
4. Government Revenue:
- GDP influences government revenue through taxes. A higher GDP usually means higher tax revenue, which can be used for social welfare programs and infrastructure development.
5. Comparison with Other Countries:
- GDP allows for comparison of economic performance between countries. It helps in identifying disparities and areas for improvement in development efforts.
In conclusion, while there are other important indicators like literacy rate and human development index, GDP remains a key measure of development due to its comprehensive reflection of a country's economic performance and standard of living.
Community Answer
Which of the following are important indicators used to measure develo...
- Development is often measured using various indicators that provide insights into the economic and social well-being of a population.
- Among these indicators, Per Capita Income (i) and Literacy Rate (ii) are commonly used to assess economic performance and educational attainment, respectively.
- The Human Development Index (iii) is a comprehensive measure that includes income, education, and health dimensions.
- The Gross Domestic Product (iv) is a broad measure of economic activity but is not included in the list provided.
- Therefore, the correct indicators are (i), (ii), and (iv).
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Which of the following are important indicators used to measure development?a)Per Capita Incomeb)Literacy Ratec)Human Development Indexd)Gross Domestic ProductCorrect answer is option 'D'. Can you explain this answer?
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Which of the following are important indicators used to measure development?a)Per Capita Incomeb)Literacy Ratec)Human Development Indexd)Gross Domestic ProductCorrect answer is option 'D'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Which of the following are important indicators used to measure development?a)Per Capita Incomeb)Literacy Ratec)Human Development Indexd)Gross Domestic ProductCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following are important indicators used to measure development?a)Per Capita Incomeb)Literacy Ratec)Human Development Indexd)Gross Domestic ProductCorrect answer is option 'D'. Can you explain this answer?.
Which of the following are important indicators used to measure development?a)Per Capita Incomeb)Literacy Ratec)Human Development Indexd)Gross Domestic ProductCorrect answer is option 'D'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Which of the following are important indicators used to measure development?a)Per Capita Incomeb)Literacy Ratec)Human Development Indexd)Gross Domestic ProductCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following are important indicators used to measure development?a)Per Capita Incomeb)Literacy Ratec)Human Development Indexd)Gross Domestic ProductCorrect answer is option 'D'. Can you explain this answer?.
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