Economics · Economic Growth and Development
Which of the following characteristics fundamentally distinguishes economic development from economic growth?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1It has a narrow scope that ignores structural, social, and political dimensions.
- 2It encompasses qualitative improvements in living standards, equity, and institutional capacity.✓
- 3It focuses primarily on short-run changes and is not necessarily sustainable.
- 4It is a strictly quantitative expansion measured exclusively by changes in Real GDP and GNP.
Correct answer
It encompasses qualitative improvements in living standards, equity, and institutional capacity.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Preparing for Economics?
Practice full-length Economics mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Economic Growth and Development MCQs →Want more practice questions on Economic Growth and Development?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Economic Growth and Development