- World Bank classifies economies based on per capita GNP (or GNI). - The threshold for income categories changes yearly. - For the period around 1994, the low-income threshold was approximately $695 or less.
According to the World Development Report, low-income economies are those for which the per capita GNP in 1994 was
Asked in UPPCS Prelims 1998 · Topic: Nature of Indian Economy (Developing Economy Characteristics)
More Economic Development questions
- Nobel Prize in Economics for the year 1997 was awarded for contribution in the area of
- Match List I with List II and select the correct answer using the codes given below the Lists: List I List II A) Business activity at high level with I. Boom increasing income, output and employment at macro level B) Gradual fall of income, output and II. Reemployment with business activity in cession a low gear C) Unprecedented level of under em‐ III. Deployment and unemployment, drastic pression fall in income, output and employment D) Steady rise in the general level of IV. Reprices, income, output and employcovery ment
- In India, inflation is measured by the
- Author of Defining moments:
- Which one of the following is non-economic factor in the growth of country:
- Which of the following factors could potentially contribute to stagflation in the Indian economy? a. High inflationary pressures due to increased Government spending. b. Decline in industrial production and sluggish economic growth. c. Decrease in aggregate demand and consumer spending. d. Appreciation of the domestic currency leading to reduction of export competitiveness.
- Which principal methodology is employed by the National Statistical Office (NSO) as the standard mechanism for assessing and quantifying the unemployment rate within the Indian economy ?
- Who is the father of Economics?
