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प्रश्न
Which statement best describes the relationship between GDP and the welfare of a country?
पर्याय
Welfare depends only on the size of GDP.
A fall in GDP always increases welfare.
GDP is a perfect index of the welfare of a country.
GDP is not a perfect index of the welfare of a country.
MCQ
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उत्तर
GDP is not a perfect index of the welfare of a country. Although GDP generally indicates income, welfare also depends on distribution, non-monetary exchanges, and externalities.
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