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Q.

Choose the given statement that is True/False.


The level of income is an adequate measure of the level of development.


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a

True

b

False 

answer is B.

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Detailed Solution

The given statement is false.
The level of income is an important indicator, as shown by the world bank in its development report, in which they decided on the country's development based on its income. But the income needs to consider the income disparity present in the country. It also doesn't consider the health and education status of the country's citizens. Thus, income shows one aspect of the development in the lives of humans. But development is not limited to that; more than income is needed. Other basic facilities and their equal provision are also important for overall development.
The correct statement should be that the income level is an inadequate measure of the level of development.
 
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