Economic Awareness - Sectors of Indian Economy
Which of the following is a quantitative indicator of economic growth?
Which of the following is a quantitative indicator of economic growth?
easy Q2 of 15
Step-by-Step Solution
Step 1: Identify quantitative indicators
Economic growth is measured by quantitative factors such as GDP, which reflects total output.Step 2: Analyze options
GDP is a quantitative measure; HDI, life expectancy, and literacy rate are qualitative indicators related to development.Final Answer:
Gross Domestic Product (GDP) → Option CQuick Check:
Economic growth = GDP increase ✅
Quick Trick: Growth = Quantity (GDP)
Common Mistakes:
MISTAKES- Mistaking HDI or literacy as growth indicators instead of development.
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