Question

Which of the following is/are CORRECT regarding economic development? 1. It refers to improvements in standards of living in developing countries. 2. Economic growth can only be achieved if a country is experiencing economic development. 3. It is measured by determining the annual growth in production (real GDP). 4. Reduction in inequality and poverty are indicators of economic development. a. Statement 2 only. b. Statement 1 only. c. Statements 1and 4 only. d. Statements 2; 3 and 4 only

          Which of the following is/are CORRECT regarding economic development?

1. It refers to improvements in standards of living in developing countries.
2. Economic growth can only be achieved if a country is experiencing economic development.
3. It is measured by determining the annual growth in production (real GDP).
4. Reduction in inequality and poverty are indicators of economic development.

a. Statement 2 only.
b. Statement 1 only.
c. Statements 1and 4 only.
d. Statements 2; 3 and 4 only

Which of the following is/are CORRECT regarding economic development?

1. It refers to improvements in standards of living in developing countries.
2. Economic growth can only be achieved if a country is experiencing economic development.
3. It is measured by determining the annual growth in production (real GDP).
4. Reduction in inequality and poverty are indicators of economic development.

a. Statement 2 only.
b. Statement 1 only.
c. Statements 1and 4 only.
d. Statements 2; 3 and 4 only

Added by Sabelo H.

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