Question

High level of output and employment are the examples of : *

1 point

(A)Economic Measurement of Development

(B)Social Measurement of Development

(C)National Measurement of Development

(D)International Measurement of Development​

Answer 1

Answer:

(A) Economic measurements of development

Answer 2

(A) Economic Measurement of Development

Explanation:

To evaluate the economic development of a nation economists use the following use economic indicators comprising

• Gross Domestic Product (GDP): Ttotal value of goods & services produced by a nation in a year.
• Gross National Product (GNP): -  total "economic output" of a nation, including foreign investments earnings.
• GNP per capita: A nation's GNP divided by its populace, that is, Per capita means/ per person.
• "Economic growth" measures the "annual increase" in GNP,  GDP, GNP per capita, or GDP per capita, .
• "Inequality of wealth" is the income gap between a nation's richest & poorest people. It can be measured in several ways. Inflation measures "how much" the prices of wages, services & goods had  increased each year.
• Unemployment: People who are unable to find work.
• Economic structure shows the division of a country's economy between primary, secondary and tertiary industries.
• Demographics study populace growth & structure. It compares birth rates to that of death rates, urban & rural ratios, life expectancy.

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