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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:

One of the key advantages of decentralized planning is that it:
Which of the following is cited as a reason for the slowdown in growth in developing economies, including India, mentioned in the context of Kerala?

What is considered a primary reason for Kerala's achievements in reducing child mortality rates?

  1. 99.9 per cent of mothers in Kerala receive medical attention from qualified professionals during delivery.
  2. The majority of deliveries in Kerala occur at home with traditional birth attendants.
  3. High literacy rates among men are the sole reason for improved child mortality.
    What is the primary focus of social empowerment?

    Regarding the characteristics and definition of the Kerala Model of Development, identify the correct statements.

    1. The Kerala Model of Development primarily emphasizes the creation of productive infrastructure over social infrastructure.
    2. It refers to Kerala's achievement of significant improvements in material conditions of living, reflected in social development indicators, despite having a low per capita income.
    3. A key characteristic of the Kerala Model is its higher consumption levels even with relatively low domestic production income.
    4. The social development indicators of Kerala are generally considered inferior to those of many developed countries.