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प्रश्न
Government spends on child immunization programme. Analyse its impact on Gross Domestic Product and welfare of the people.
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उत्तर
Government expenditure on child immunisation programme is an expenditure related to productive expenditure which enhances the productive capacity of an economy. Vaccination reduces the number premature deaths and ensures better or efficient utilisation of resources. Children are able to remain healthy by preventing them from contracting deadly diseases, and thereby the quality of the labour force is improved in the production process. This increases production efficiency, and hence, GDP growth
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संबंधित प्रश्न
Define externalities. Give an example of negative externality. What is its impact on welfare?
If the Real GDP is Rs400 and Nominal GDP is Rs450, calculate the Price Index (base = 100).
Write down some of the limitations of using GDP as an index of welfare of a country.
Answer the following question.
Gross Domestic Product (GDP) Does Not Give Us a Clear Indication of Economic Welfare of a Country. "Defend Or Refute the Given Statement with Valid Reason.
Do you agree with the given statement? Give valid reasons in support of your answer.
"Higher Gross Domestic Product (GDP) means greater per capita availability of goods in the economy."
Explain how ‘Non-Monetary Exchanges’ impact the use of Gross Domestic Product as an index of economic welfare.
"Many goods and services which may contribute to welfare, but are not included in estimating Gross Domestic Product (GDP)."
Do you agree with the given statement? Give valid reason in support of your answer.
State the meanings of the following:
Externalities
Which statement best describes the relationship between GDP and the welfare of a country?
Which of the following is a reason why GDP is not a perfect index of welfare?
What types of transactions does GDP include?
Why are domestic services performed by women at home excluded from GDP?
What is a barter exchange?
Why does GDP underestimate actual productive activity and welfare in underdeveloped and remote regions?
Why are externalities not included in GDP?
What is the effect of negative externalities on the measurement of welfare by GDP?
What are positive externalities?
What is the effect of positive externalities on the measurement of welfare by GDP?
