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.
Frequently asked questions
What is the correct answer to this question?
Health, education and income distribution
Why is this the correct answer?
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.
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.
