What Is the Ultimate Goal in Development Policy Making

question 29

Multiple Choice

What is the ultimate goal in development policy making?

• A) Higher Incomes
• B) Higher GDP
• C) Higher Well Being
• D) More consumption choices

---

Definitions:

Different Wages

The variation in earnings paid to employees for their work, often based on factors like experience, skill, job type, or geographical location.

Human-capital Investment

The process of acquiring and enhancing an individual's skills and knowledge, which increases potential productivity and earnings.

Discrimination

Unfair treatment of individuals based on characteristics such as race, gender, or age, rather than merit or performance.

Wage Differentials

The variation in wage rates due to factors such as occupation, industry, location, or the skills and experience of workers.