Given below are two statements, one is labelled as Assertion (A) and the other as Reason (R). Assertion (A): Development is defined as improving living standards and welfare. Reason (R): Growth in per capita income is not a sufficient measure of development. Select the correct answer from the codes given below:

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Economics · Economic Development

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Both (A) and (R) are true and (R) is the correct explanation of (A).

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(A) is false, but (R) is true.

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