Increase in absolute and per capita real GNP do not connote a higher level of economic development, if
Increase in absolute and per capita real GNP do not connote a higher level of economic development, if
Answer:
(c)
Core Books/NCERT
Economic growth does not necessarily connote economic development which is a holistic concept representing the well-being of the population rather than only increased income. As the question clearly mentions effects on development, we must take into account impact of poverty and unemployment of economic growth despite having good parameters of progress in growth, per capita income etc.