
Long questions with answers for this topic
Economic growth is a sustained increase in real output or real national income (real GDP) over time.
Economic development is an improvement in living standards and quality of life along with structural and social progress.
Per capita income is national income divided by total population (average income per person).
HDI (Human Development Index) is a composite index of health, education and income.
One determinant is capital formation/technology/human capital (any one).
Inclusive growth is growth that creates opportunities and ensures benefits reach all sections of society, reducing poverty and inequality.
Growth and development differ as follows:
(Any three points can be written.)
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