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Question
What are the indicators of development?
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Solution
The major indicators to measure the level of economic development are Net National Product (NNP), Per Capita Income (PCI), Purchasing Power Parity (PPP), and Human Development Index (HDI).
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RELATED QUESTIONS
Which one of the following country is not a member of SAARC.
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.
Among the following states which state have the literacy rate (2011) higher than national average.
Find the odd one.
What do you mean by development?
Why human resources is considered as the foremost resource of any country?
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.
Define Purchasing Power Parity.
