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What is necessary to make the benefits of GDP growth widespread?

Answer and explanation

Correct answer: Employment opportunities and fair income distribution

GDP growth becomes broadly beneficial when people can participate in production and receive a fair share of the resulting income. Employment opportunities spread purchasing power, while fair distribution prevents gains from being concentrated among a small group. Hence option C is correct. Raising prices, increasing population or increasing imports alone does not ensure that growth improves the welfare of most people.

Related tags

Inclusive GrowthEmploymentFair DistributionGdp And WelfareNational Income And Related AggregatesEconomicsClass 11 Mcq

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