A growing country is one with:
A growing country is one with:
(a) Rising GNP at constant prices
(b) Constant GNP at constant prices
(c) Rising GNP at current prices
(d) None of these
Anurag Pathak Changed status to publish December 13, 2023
Ans – (a)
Explanation:-
GNP at the constant prices is calculated at the base year price. It changes only when the quantity produced changes.
Increasing production is an indication of the growing country as it generates employment and increases the standard of living.
When production increases, it also increases the GNP at constant prices
Anurag Pathak Changed status to publish December 13, 2023
