Which of the Following Is an Indicator of Economic Development

question 31

Multiple Choice

Which of the following is an indicator of economic development?

• A) Population expansion
• B) Expanding state ownership
• C) Extent of social overhead capital
• D) Social reformation
• E) Cultural diversity

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Definitions:

Recession

A significant decline in economic activity across the economy, lasting longer than a few months, often visible in GDP, real income, employment, and other indicators.

Remedies

Legal means or actions available to a party in a lawsuit for enforcing a right or redressing a harm.

Damages

Financial compensation awarded by a court to indemnify an injured party for losses or injuries.

Undue Influence

An excessive or improper pressure exerted on someone, undermining their free will in making decisions.