The best Index of Economic Development is provided by

Monjur Alahi

The best Index of Economic Development is provided by

(A) Growth in Per capital Real Income from year to year

(B) Growth in National Income at Current prices

(C) Growth in savings ratio

(D) Improvement in the Balance of payments Position


0 like 0 dislike
1 views
Share with your friends

1 Answers

Salim Ahmed Kawsar

Call

(A) Growth in Per capital Real Income from year to year

Per capita Gross National Product (GNP) is the best index of development. It can be derived by dividing the GNP of a country with its population. Higher the level of per capita income, higher is the economic development. The World Bank, in its world development report 1998, classified the countries in the world on the basis of per capita GNP.

0 like 0 dislike
1 views
Talk Doctor Online in Bissoy App
Distinguish between Human development and economic development.

Economic Development Human Development It refers to a continuous and sustained growth in an economy along with a general improvement in the overall standard of living in the nation. It refers to an...

1 Answers 1 views
Examine the nature of relationship between entrepreneurship and economic development.

The relationship between entrepreneurship and economic development can be highlighted with the help of the following functions performed by entrepreneurs. (i) Contribution to GDP: Economic development of any economy is often related to...

1 Answers 1 views
What is the difference between economic activities and non-economic activities?

Activities that add value to the national income are called economic activities. These have two parts – market activities (production for pay or profit) and non-market activities (production for self...

1 Answers 1 views
How was the economic development of India visualised in the early decades after Independence?

Removing poverty and building a modern technical and industrial base were important objectives for the new nation. The Planning Commission was set up in 1950 to plan and execute policies...

1 Answers 5 views
'Indian Railways accelerates the economic life of the country as well as the development of industry and agriculture'.

Railways accelerate the development of the agriculture and industries, and also bind the economic life of the country together. This is because of the various advantages possessed by railways, such as...

1 Answers 1 views
Analyse the role of the manufacturing sector in the economic development of India.

The role of the manufacturing sector in the economic development of India :  (a) Manufacturing industries help in modernising agriculture which forms the backbone of our economy. (b) It reduces the heavy...

1 Answers 1 views
How did Paul Bernard argue in favour of economic development of Vietnam ? Explain.

Paul Bernard's arguments in favor of economic development of Vietnam : (i) He argued that the purpose of acquiring colonies was to make profits. (ii) The economy was developed and the standard...

1 Answers 1 views
What is meant by economic development?

Economic development is a sustained increase in real per capita income that promotes economic welfare by reducing poverty, unemployment and inequalities in the distribution of income.

1 Answers 1 views
Advancement of international trade of a country is an index of its economic prosperity”. Justify the statement with five arguments.

(i) As the resources are space-bound, no country can survive without international trade.  (ii) Exports and imports are components of trade.  (iii) The international trade helped India in increasing its productivity and...

1 Answers 1 views
Differentiate between economic and non-economic activities with one example each.

(i) Economic activities are such activities which gets you some income while performing them. For example, a doctor earning his income by treating his patients.  (ii) Non-economic activities are the activities...

1 Answers 1 views
X