Multiple Choice
Which of the following is generally regarded as the true index of economic growth?
A) An increase in national income at constant prices during a year
B) A sustained increase in real per capita income
C) An increase in national income at current prices over time
D) An increase in national income along with a corresponding increase in population
Correct Answer:

Verified
Correct Answer:
Verified
Q2: The concept of economic growth is_.<br>A)Identical with
Q3: Which of the following explains the term
Q4: Economic development means_.<br>A)Economic growth.<br>B)Economic growth plus structural
Q5: The classical theory of economic development is
Q6: The rate of growth of an economy
Q7: Economic development refers to _.<br>A)Economic growth.<br>B)Economic growth
Q8: Economic growth can be seen by an
Q9: Which one of the following statements is
Q10: In the Ricardian system, a crucial role
Q11: Ricardo built his theory round .<br>A)Value<br>B)Capital<br>C)Wages<br>D)Natural resources