Which of the following is a non-economic indicator of welfare?
Answer and explanation
Correct answer: Life expectancy
A non-economic welfare indicator describes an important aspect of people’s well-being that is not measured directly in monetary production terms. Life expectancy reflects health conditions, survival, and the quality of life, so it is a non-economic indicator. National output, market prices, and investment expenditure are economic quantities expressed through production, valuation, or spending. Therefore option D is correct, although such social indicators complement rather than replace economic measures.
Frequently asked questions
What is the correct answer to this question?
Life expectancy
Why is this the correct answer?
A non-economic welfare indicator describes an important aspect of people’s well-being that is not measured directly in monetary production terms. Life expectancy reflects health conditions, survival, and the quality of life, so it is a non-economic indicator. National output, market prices, and investment expenditure are economic quantities expressed through production, valuation, or spending. Therefore option D is correct, although such social indicators complement rather than replace economic measures.
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.
