Which of the following is a measure of economic development rather than mere growth?
A. Increase in GDP only
B. Increase in money supply
C. Improvement in HDI, reduction in poverty and inequality
D. Increase in foreign exchange reserves only
Answer: Option C
Solution (By JKSSB Mock Tests)
Economic development is a broader concept than growth and includes improvements in living standards, health, education, reduction in poverty and inequality, as reflected in indices like HDI.
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