Archive
31st of March 2017
Economics
Q:

Can u explain gdp and welfare

Sandhya M - CBSE - Class XII Commerce

Friday, March 31, 2017 at 17:47:PM

A:

Hi Sandhya,

GDP is an index of welfare of the people. If the flow of goods and services increases, higher the availbility of goods and serviices to every indidvidual and thus improve the welfare of the people in an economy. 

Friday, March 31, 2017 at 22:17:PM