Question

What is ultimately decides the growth rate of the country

Answer 1

The quality of population depends upon the literacy rate, health of a person indicated by life expectancy and skill formation acquired by the people of the country. The quality of the population ultimately decides the growth rate of the country. ... Literate and healthy population are an asset.

Answer 2

Explanation:

Economic growth focuses on national income and per capita income. Increases in national income and per capita income do not tell whether the facilities in the country and hence, the standard of living of people have improved or not. Facilities such as education, etc. are very important parameters that determine the standard of living of people.

If there is no improvement in these parameters then the quality of life of people will not improve irrespective of the income they or the nation earns. Economic development focuses on per capita income, national income and also standard of living. Since, it is extremely important to see that the standard of living of people has also improved the country should aim at , economic development rather than just economic growth.