APPSC Group 2 Mains 2019 Paper 3 · Question 23

Question 23 of the APPSC Group-II Mains 2019 Paper III (30 August 2019). Try it first, then open the answer and explanation.

1. Mains 2019 · P-III · Q23 · Economy (India & AP) · National Income & Growth

   Miracle economies are defined as those with GDP growth for a decade or more at

   ఒక దశాబ్దం లేదా అంతకంటే అధికంగా స్థూల దేశీయోత్పత్తి (GDP) వృద్ధి రేటు నందు ఎంత శాతం కల్గి ఉన్నవి అద్భుత ఆర్థిక వ్యవస్థలు (Miracle economies) గా నిర్వచింప బడినవి.

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   Answer: 7 percent

   సమాధానం: 7 శాతం

   Economies growing at 7% or more for a decade or longer, such as the East Asian 'tigers', are called miracle economies. At 7% an economy doubles in about ten years.

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