If a country's income rises but mental health and social security weaken what is the welfare assessment?
Answer and explanation
Correct answer: Economic welfare may rise but total welfare may not necessarily rise
The governing concept is the distinction between economic welfare and broader human welfare. Higher income can increase command over goods and services, so economic welfare may improve. However, weakened mental health and social security reduce important non-economic dimensions of well-being. Hence option B is correct. Option A is too certain, while C ignores welfare and D wrongly infers national-income decline from social indicators.
Frequently asked questions
What is the correct answer to this question?
Economic welfare may rise but total welfare may not necessarily rise
Why is this the correct answer?
The governing concept is the distinction between economic welfare and broader human welfare. Higher income can increase command over goods and services, so economic welfare may improve. However, weakened mental health and social security reduce important non-economic dimensions of well-being. Hence option B is correct. Option A is too certain, while C ignores welfare and D wrongly infers national-income decline from social indicators.
Which subject and chapter does this question cover?
This is a Class 11 Economics question. Chapter: National Income and Related Aggregates. Topic: GDP and Welfare.
