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Which indicator should be considered with GDP for a broader assessment of welfare?

Answer and explanation

Correct answer: Health, education and income distribution

GDP indicates the value of production, but it does not by itself show whether people are healthy, educated or sharing income fairly. Health and education reflect human capabilities, while income distribution reveals who receives the benefits of growth. A broader welfare assessment therefore combines GDP with these social indicators. D is correct; the other choices are single financial or macroeconomic measures and are insufficient alone.

Related tags

Social IndicatorsHealthEducationIncome DistributionGdp And WelfareNational Income And Related AggregatesEconomicsClass 11 Mcq

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