WBCS.LIVE practice question

Which of the following statements about GDP and Welfare are correct? 1. GDP of a country is an indicator of the welfare of the people. 2. If GDP is rising, welfare may not rise equally. 3. GDP and Welfare both are not related to each other.

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Only 1 and 3
  2. 1, 2 and 3
  3. Only 2 and 3
  4. Only 1 and 2

Correct answer and explanation

Correct answer: Only 1 and 2