18. Increase in absolute and per capital real GNP do not connote a higher level of economics development, if
a) Industrial output fails to keep pace with agriculture output.
b) Agriculture output fails to keep pace with industrial output.
c) Poverty and unemployment increase.
d) Imports grow faster than exports.
Ans: c) Poverty and unemployment increase.a) Industrial output fails to keep pace with agriculture output.
b) Agriculture output fails to keep pace with industrial output.
c) Poverty and unemployment increase.
d) Imports grow faster than exports.
Explanation:-
- Development means a qualitative change which is always value positive. This means that development cannot take place unless there is an increment or addition to the existing conditions. Development occurs when positive growth takes place. Yet, positive growth does not always lead to development. This happens when poverty and unemployment increases.
- If gains of increase in per capita income are grabbed by a small section of society, then economic growth will not lead to economic development. For example – Libya
Gnp equals to gdp +income from abroad
ReplyDeleteIn indian case it always negative (as we import more than export ,so there are heavy outflows on indian trade account )..So the so gnp is gdp -income from abroad ..Nd if the import grows more higher than the export then according to equation gnp will further goes negative
I'm bit of confuse actually🙄
I'm also confused regarding the same. Option d is a more correct answer imo.
Deleteperpamenma-1981 German Cirulis https://wakelet.com/wake/HoQJ2tpheetUJ-iUcEiEQ
ReplyDeletenabseiteti