Rate of the growth of an economy is measured in terms of __________
- ANational income
- BMonthly family income
- CNumber of people who have been lifted above the poverty line
- DIndustrial Development
Solution & Step-by-step Explanation
The rate of growth of an economy is traditionally and most commonly measured in terms of the increase in its National Income or Gross Domestic Product (GDP) over a specific period. National income accounts for the total value of all final goods and services produced within a country, reflecting the comprehensive economic progress and productive capacity of the nation.