Indian Institute of Foreign Trade 2018 Solved Paper

Question : 74 of 114

Marks: +1, -0

According to the passage, what is the difference between using just GDP measures and using non GDP measures in policy making?

Economic measures such as GDP generally correlate to success in other areas and lead to social progress but non GDP measures do not
GDP measure contribute effectively towards policy making as they provide objective and actionable inputs but non GDP measures are open to interpretation
Non GDP measures arc able to provide information on gaps in public policy making whereas GDP provides information only on economic performance
Non GDP measures are not accepted by most countries but GDP measures are accepted universally

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