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- Subject
- Basic of Economicseconomics-mcqs › basic-of-economics
- Published
- 26 May 2019
- Last updated
- 28 May 2026
Which indicator is commonly used to measure the economic growth rate of a country?
Multiple choice question for Basic of Economics. Select an option, then review the explanation below.
Explanation
Economic growth is typically assessed by the increase in a country's total national income, as it reflects the overall expansion of the economy. While per capita income, industrial progress, and poverty reduction are important economic factors, national income provides the most direct measure of growth.
More Basic of Economics MCQs
Practice related questions from the same subject.
- 1.Which of the following best describes deflation?
- 2.Under what condition can two nations benefit from engaging in international trade?
- 3.Which of the following represents a legitimate form of currency?
- 4.Which political ideology is best summarized by the phrase, "From each according to his ability, to each according to his needs"?
- 5.Which type of currency experiences a decline in its exchange rate due to a continuous balance of payments deficit?