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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?

  • 1
    Gross Domestic Product
  • 2
    Gross National Product
  • 3
    Gross National Happiness
  • 4
    Net National Product
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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).

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