Which of the following is considered as a good indicator of economic growth?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. Steady increase in the GDP.
Gross Domestic Product (GDP) is widely acknowledged as a reliable gauge of economic growth, representing the aggregate value of goods and services generated domestically within a country's confines over a defined period, often on an annual or quarterly basis. A sustained uptrend in GDP signals a buoyant economy, indicative of heightened production, consumption, and investment activities. Consequently, GDP assumes a pivotal role in evaluating economic vitality and shaping policy strategies.