Which type of growth is closest to inclusive welfare growth?
Answer and explanation
Correct answer: Growth improving employment, health, education and real income of low-income groups
Inclusive welfare growth is judged not only by the rate of increase in output but also by who receives the benefits and whether living conditions improve. Growth that creates employment, expands access to health and education, raises the real income of poorer groups and limits environmental harm is broadly inclusive. Options A and C concentrate gains or exclude workers, while B imposes social costs and is therefore not a suitable welfare model.
Frequently asked questions
What is the correct answer to this question?
Growth improving employment, health, education and real income of low-income groups
Why is this the correct answer?
Inclusive welfare growth is judged not only by the rate of increase in output but also by who receives the benefits and whether living conditions improve. Growth that creates employment, expands access to health and education, raises the real income of poorer groups and limits environmental harm is broadly inclusive. Options A and C concentrate gains or exclude workers, while B imposes social costs and is therefore not a suitable welfare model.
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.
