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If high GDP growth is accompanied by deterioration in education, health, and employment, what is the most appropriate conclusion?

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Answer and explanation

Correct answer: The quality of growth is weak and broad welfare may not have improved

GDP growth shows that measured output has increased, but welfare depends on more than output alone. Education, health, and employment are important dimensions of human development and determine whether growth is inclusive and beneficial. Their deterioration suggests poor-quality or non-inclusive growth, so broad welfare may not have improved. A and B are unjustified generalisations, while C is unrelated to the evidence.

Tags

GDP and welfarequality of growthhuman developmentemploymentNational Income and Related AggregatesEconomicsClass 11 MCQ

Frequently asked questions

What is the correct answer to this question?

The quality of growth is weak and broad welfare may not have improved

Why is this the correct answer?

GDP growth shows that measured output has increased, but welfare depends on more than output alone. Education, health, and employment are important dimensions of human development and determine whether growth is inclusive and beneficial. Their deterioration suggests poor-quality or non-inclusive growth, so broad welfare may not have improved. A and B are unjustified generalisations, while C is unrelated to the evidence.

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.

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