Economic development refers to ?
Correct answer: B. economic growth plus changes in (c) output distribution and economic structure
- A. economic growth
- B. economic growth plus changes in (c) output distribution and economic structure
- C. improvement in the well-being of the urban population
- D. sustainable increase in Gross National Product
Explanation
Economic development is broader than economic growth: it combines rising output with changes in income distribution and the structure of the economy. A rise in GNP alone measures growth, not necessarily development.
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