Challenger App

No.1 PSC Learning App

1M+ Downloads
What does the economic growth rate measure?

ARate of increase in government expenditure

BRate of increase in national income during the current year compared to the previous year

CRate of inflation in the economy

DRate of increase in population

Answer:

B. Rate of increase in national income during the current year compared to the previous year

Read Explanation:

Economic growth rate

  • It is the rate of increase in the national income during the current year as compared to the previous year.


Related Questions:

What was the percentage of the elderly population in Kerala according to Census 2011?
For how many years are beneficiaries restricted from transferring (selling or leasing) the house or land allotted to them under the LIFE Mission?
A country aims to improve its fiscal discipline. Which measure would directly contribute to this goal?
The expenditure on the purchase of new vehicles for government departments is classified as:

Regarding the poverty rate in Kerala, identify the correct statement.

  1. The rate of poverty in Kerala is significantly lower compared to other Indian States and the all-India figures.
  2. Kerala exhibits a higher poverty rate than the national average in India due to its population density.
  3. The poverty rate in Kerala is similar to the average poverty rate across all other Indian states.