Tag: need for sustainable development

Questions Related to need for sustainable development

Economic development is a more ___________ term as compared to economic growth.

geography economic growth and development development and growth need for sustainable development economics of development

  1. narrow

  2. comprehensive

  3. inclusive

  4. none of the above

Show answer
Correct Option: B
Explanation:
Economic development refers to the economic growth of the economy in all terms which includes all aspects and has become a main and central theme of economic thought throughout the years.
Economic growth refers to the process of using natural resources for the development of the economy in other to increase the per capita income of the economy.
Therefore, economic development is a broader as well as more comprehensive term as compared to economic growth. 

Economic development refers to ______________ accompanied by changes in the socio-economic structure of the economy.

geography economic growth and development development and growth need for sustainable development economics of development

  1. economic stability

  2. economic growth

  3. sustainable development

  4. all of the above

Show answer
Correct Option: B
Explanation:

Economic development refers to the economic growth of the economy in all terms which includes all aspects and has become a main and central theme of economic thought throughout the years. 

Traditional approach to economic development gave a __________ definition of economic development.

geography economic growth and development development and growth need for sustainable development economics of development

  1. broad

  2. narrow

  3. either A or B

  4. none of the above

Show answer
Correct Option: B

Economic development refers to economic growth accompanied by changes in the ____________ structure of the economy.

geography economic growth and development development and growth need for sustainable development economics of development

  1. social

  2. economic

  3. both A & B

  4. neither A nor B

Show answer
Correct Option: C

Economic growth provides a broader outlook on economic changes as compared to economic development.

geography economic growth and development development and growth need for sustainable development economics of development

  1. True

  2. False

Show answer
Correct Option: B
Explanation:

False. 

Economic development refers to the economic growth of the economy in all terms which includes all aspects and has become a main and central theme of economic thought throughout the years.
Economic growth refers to the process of using natural resources for the development of the economy in order to increase the per capita income of the economy. 

_______________, under the modern approach, is interpreted as the increase in real per capita income accompanied with reduction in poverty, inequality and unemployment.

geography economic growth and development development and growth need for sustainable development economics of development

  1. Sustainable development

  2. Economic growth

  3. Growth with stability

  4. Economic development

Show answer
Correct Option: D

The new approach to economic development states that, economic development is not only increase in real per capita income, but also reduction in _____________.

geography economic growth and development development and growth need for sustainable development economics of development

  1. poverty

  2. income inequality

  3. unemployment

  4. all of the above

Show answer
Correct Option: D

Economic growth requires higher degree of government intervention as compared to economic development.

geography economic growth and development development and growth need for sustainable development economics of development

  1. True

  2. False

Show answer
Correct Option: B
Explanation:

False. 

Economic growth refers to the process of using natural resources for the development of the economy in other to increase the per capita income of the economy. The growth mainly measures the per capita income rather than overall income of the economy.

Economic development refers to the economic growth of the economy in all terms which includes all aspects and has become a main and central theme of economic thought throughout the years. It includes reduction in poverty, income inequality as well as unemployment.  

Therefore, economic development requires a high degree of government intervention. 

Modern approach to economic development gave a __________ definition of economic development.

geography economic growth and development development and growth need for sustainable development economics of development

  1. broad

  2. narrow

  3. either A or B

  4. none of the above

Show answer
Correct Option: A

Economic growth is an entirely __________ concept, while economic development deals with both qualitatively and quantitative aspects of the economy.

geography economic growth and development development and growth need for sustainable development economics of development

  1. quantitative

  2. qualitative

  3. theoretical

  4. both B & C

Show answer
Correct Option: A
Explanation:

Economic growth refers to a quantitative process of using natural resources for the development of the economy in other to increase the per capita income of the economy. The growth mainly measures the per capita income rather than overall income of the economy.

Economic development refers to the economic growth of the economy in both quantitative as well as qualitative terms which includes all aspects and has become a main and central theme of economic thought throughout the years. It includes reduction in poverty, income inequality as well as unemployment.  
Therefore, economic development is a broader as well as more comprehensive term as compared to economic growth.