Page-5 of GKToday Archives: December, 2017
How Economic Growth is Measured?
The most common tool to measure economic growth is GDP, which is basically sum total of goods and services produced in the country. There are several approaches of calculating GDP. In a nutshell, these are as follows: Expenditure Approach In this, ..
Why real per capita income is considered to be better indicator of growth than growth of real national income?
Economic Growth is sometimes defined as a long term increase in real national income or real national output but that may not be best indicator of growth. There are two conditions in which the value of the national output or national income may increase: ..
What is Economic Growth?
Economic Growth is increase in the capacity of an economy to produce goods and services – in one period, as compared to other period. In simplest terms, it is the rate of change at which an economy is growing year ..
National Register of Citizens
Recently, the government released the first updated draft of National Register of Citizens including 1.9 crore citizens out of 3.29 crore applications. Other applicants will be considered in the second draft and the exercise will be expected to be complete ..
Government launches scheme for protection of Majuli Island in Assam
The Union Government has launched new scheme for protection of Majuli Island in Assam from flood and erosion. The scheme was sanctioned by Government in March, 2017 and funding for it will be from Ministry of Development of North Eastern ..
Month: Current Affairs - December, 2017
China launches world’s largest human genome research project
China has launched world’s largest human genome research project to document the genetic makeup of one lakh people to help generate the precision medicines for the future. The project aims to provide references for China’s medical research, clinical diagnoses and ..