Discussion
GDP growth is the indicator of :
Answer: B
GDP growth is an indicator of economic development.
Gross domestic product is the value of all final goods and services produced in a country in a year, and its growth rate shows how fast total output is rising. It is therefore a measure of economic performance.
It does not by itself capture socio-economic development, which needs measures of health, education, inequality and well-being, such as the Human Development Index; a country can grow fast while poverty or illiteracy persists. A market index such as the Sensex tracks share prices, and 'Global Economic Index' is not what GDP growth measures.
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