Growth and development

Indian Economic System(RAS)

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Indian Economy - Understanding the basics of Indian economic system

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The most appropriate measure of a country’s economic growth is its

Gross Domestic Product

Net Domestic Product

Net National Product

Per Capita Real Income

Explanation:

Per capita income is average income, a measure of the wealth of the population of a nation. It is used to measure a country's standard of living thus a better indicator of economic growth.

NOTE: Real income is true measure of purchasing power.

By: Kamal Kashyap

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