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Economics › National Income Accounting(GDP)

Economics › National Income Accounting(GDP)

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Increase in absolute and per capita real GNP do not connote a higher level of economic development, if

Options

(a)

industrial output fails to keep pace with agricultural output.

(b)

agricultural output fails to keep pace with industrial output.

(c)

poverty and unemployme crease.

(d)

imports grow faster than exports.

Answer

(C)