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Answer : 3. "Gross National Happiness"
Which of the following concepts implies that sustainable development should take a holistic approach towards notions of progress and give equal importance to non-economic aspects of wellbeing?
5Q:
Which of the following concepts implies that sustainable development should take a holistic approach towards notions of progress and give equal importance to non-economic aspects of wellbeing?
- 1Gross Domestic Productfalse
- 2Gross National Productfalse
- 3Gross National Happinesstrue
- 4Net National Productfalse
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Answer : 3. "Gross National Happiness"
Explanation :
1. Gross Domestic Product (GDP) is the standard measure of value added created through the production of goods and services in a country during a given period.
2. It also measures the income earned from that production or the total amount spent on final goods and services (less imports).