Economic growth measures the (i) growth of productivity (ii) increase in nominal income (iii) increase in output (iv) None of the above. Which of the following is not a component o... Economic growth measures the (i) growth of productivity (ii) increase in nominal income (iii) increase in output (iv) None of the above. Which of the following is not a component of PQLI? (i) Life expectancy (ii) Per capita income (iii) Infant mortality (iv) Literacy. The component(s) of HDI are/is (i) life expectancy index (ii) infant mortality rate (iii) per capita income (iv) All of the above.
Understand the Problem
The question encompasses multiple choice questions related to economic growth, the components of PQLI, and the components of HDI. It asks to identify what measures economic growth and which factors are not components of specific indices.
Answer
1. Increase in output, 2. Per capita income, 3. Life expectancy index, per capita income, and literacy (education index).
["Economic growth measures the increase in output.","Per capita income is not a component of PQLI.","The components of HDI are life expectancy index, per capita income, and education index (not explicitly listed but represented by literacy)."]
Answer for screen readers
["Economic growth measures the increase in output.","Per capita income is not a component of PQLI.","The components of HDI are life expectancy index, per capita income, and education index (not explicitly listed but represented by literacy)."]
More Information
Economic growth typically measures the increase in the volume of output produced in an economy. PQLI includes life expectancy, infant mortality, and literacy but not per capita income. HDI is calculated based on life expectancy, per capita income, and the education index.
Tips
Ensure not to confuse economic growth (output-based) with development measures (quality of life indicators). Differentiate between PQLI and HDI components clearly.
Sources
- Economic Growth: What It Is and How It Is Measured - Investopedia - investopedia.com
- Development Economics - Sample Test Questions - .tulane.edu
- Indicators of Development - World Bank Documents & Reports - documents.worldbank.org
