Answer & Solution
The correct answer is “Both (A) and (R) are true and (R) is the correct explanation of (A)”.
Development is broadly understood as not just economic growth but improving the overall quality of life, including aspects like health, education, and welfare.
While growth in per capita income is a common economic indicator, it does not account for inequalities, environmental sustainability, or the distribution of wealth, among other important dimensions of human well-being.