Guruji's
Little Economists
Future Economists
Seeds of future prosperity lies in today's children,
Let's join our hands to nurture the seed,
To its fullest growth,
for the greater welfare of Society.
Let's be united to remove the
poverty
and corruption.
Friday, November 16, 2012
The Guardian: How did the world get so fixated on GDP?
1) Define GDP. [2]
2) Define living standards. [2]
3) Eplain the reasons of high economics growth in world developing economies. [8]
4) Use your understanding from the ariticle and your knowledge of economics theory, discuss that GDP measurement is a true measure of standard of living of a country. [10]
5) Evaluate up to what extent economists failed to measure economic development truly. [13]
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