Question
 Which of the following statements is/are correct?
1. GDP can both underestimate as well as overestimate the actual welfare of the economy. 2. The standard of living is all elements that affect people’s happiness, whether these elements are bought and sold in the market or not. 3. GNP can be the main item for the welfare of the economy Select the correct answer using the code given below:Solution
If we take GDP as a measure of the welfare of the economy we shall be overestimating or understating the actual welfare. GDP does not capture leisure, health, a cleaner environment, the possibilities created by new technology, or an increase in variety.
Credentialed training of service technicians in the newer technologies are welcome as they will bring about change of refrigerants used in the repair an...
If you want to be more than just ordinary, then at some point, you're going to have to learn to burn your boots .
It was a sturdy house (completing) with a fine fireplace and chimney.
The probable side effects of paracetamol include burning and nausea.
I think that capitalism is not a better economic system for our country.Â
In the questions given below, a part of the sentence is given in bold. Below each sentence, some phrases are given which can substitute the bold part ...
Potential damages of any breach of privacy of user data from Europe could cost Indian IT firms as many as 4 per cent for their revenue .
...Beside cricket Rahul plays tennis as well.
The company recently surprised its employees by gifting them for a bicycle each .
Two of the biggest corporate firms in the world are Apple and IBM which both are in the computer business.
