Measures of National Income and Growth

Economics is all about making smart choices to cope up with scarcity. The most fundamental measurement used to evaluate the success in allocating the scarce resources is economic growth. Individuals monitor their income and the changing value of their assets. Businesses track their profits and their market share. Nations monitor a variety of statistics to […]

Measures of National Income and Growth – Indian Economy, Previous Year Questions(UPSC CSE)(2011-24)

19/10/2024

1. Economic growth is usually coupled with? (a) Deflation (b) Inflation (c) Stagflation (d) Hyperinflation 2. In the context of Indian economy, consider the following statements: The growth rate of GDP has steadily increased in the last five years. The growth rate in per capita income has steadily increased in the last five years. Which

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