Question

Apart from health and education, other indicators of development are, 1. Standard of living 2. Income. 3. Level of poverty, 4. GDP • hp land 2 (b) 2 and 3 (c) 3 and 4 (d) 1 and 4​

Answer 1

Answer:

1 and 2

Explanation:

standard of living

Income

Answer 2

Answer:

Option (d) 1 and 4​ is the correct answer.

Standard of living and GDP are indicators of development.

Explanation:

• Standard of living is an indicator of the human development index. Standard of living can be primarily enhanced through investments in health and education.
• Income can be skewed and a country with high income may or may not develop as income does not show the income disparities existing in a country. It does not tell whether income is equitably distributed.
• GDP is the market value of final goods and services produced in the primary secondary and tertiary sectors of the economy.
• A higher GDP indicated higher production of goods and services in a country. Goods and services are produced by the labor force with the help of capital stock.
• This labor force is a human resource turned into human capital through investments in health and education.
• These investments help in human development and increase their total productivity which helps in the economic development and growth of a country.

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