A good indicator of economic growth is steady increase in the_______ .

Correct option is B

The correct answer is (b) GDP.
· Gross Domestic Product (GDP) is the total monetary value of all goods and services produced within a country's borders over a specific time period, usually annually or quarterly.
· It is the most widely used indicator to gauge the health of a nation's economy.
· A steady increase in GDP indicates economic growth, which suggests that a country's economy is expanding, businesses are producing more, and employment opportunities are increasing.
· GDP is crucial for policymakers, economists, and investors as it gives a clear picture of a country's economic performance.
Additional Knowledge:
· VAT (Value Added Tax): VAT is a consumption tax levied on the value added to goods and services at each stage of production or distribution. While important, it does not directly measure economic growth.
· STC: This is not a widely recognized economic indicator in this context.
· GST (Goods and Services Tax): GST is a comprehensive indirect tax on the sale of goods and services in India. It simplifies taxation but, like VAT, does not directly indicate economic growth.