Increase in absolute and per capita real GNP do not connote a higher level of economic development, ifIndustrial output fails to keep pace with agricultural output. Agricultural output fails to keep pace with industrial output.Poverty and unemployment increase.Imports grow faster than exports.

Submitted by examrobotsa on Thu, 01/01/1970 - 05:30

question_subject:

Economics

stats:

0,928,480,80,176,928,224

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III. Depression	(C) Unprecedented level of under employment and unemployment, drastic fall in income, output and employment
IV. Recovery	(D) Steady rise in the general level of prices, income, output and employment

I-A, II-B, III-C, IV-D

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