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प्रश्न
Why NNP is not considered as a useful measure to compare a country’s development with other countries?
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उत्तर
- For comparison between countries' development, total income or the national income is not a useful measure.
- Since countries have different populations, comparing total income will not tell us what an average person is likely to earn.
- Hence we compare average income which is also called per capita income.
- Now the economical have realized that investment in human capital.
APPEARS IN
संबंधित प्रश्न
Assertion (A): The Net National Product (NNP) is considered as a true measure of national output.
Reason (R): It is also known as national income.
Assertion (A): Human resource is necessary for the progress of any country.
Reason (R): Investment in education and health of people can result in a high rate of returns in the future for a country.
______ is the state with highest installed solar capacity in India.
_______ resources are those which will get exhausted after years of use.
The state having the highest literacy rate in India is _____________.
Expand the NNP.
Expand the PCI.
Assertion (A): The term ‘economic development’ refers to the overall growth of all sectors of
the economy.
Reason (R): By adoption of new technologies.
This is also known as National Income.
Define Purchasing Power Parity.
