Question

Which of the following indicates that the rate of consumption of energy and economic growth are connected? 

विकल्प

• The rate of consumption of energy is directly related to the rate of economic growth 

• The growth rate of demand for power is generally higher than GDP growth rate.

• As studies have revealed that in order to have an 8% GDP growth rate per annum, the power supply needs to grow at around 12% annually.

• All of the above

Answer 1

All of the above

Explanation:

Electricity is one of the most important infrastructures for a country's economic development. The rate of economic growth is directly proportional to the rate of energy consumption (RatE). The pace of increase in electricity demand is often larger than the rate of increase in GDP. According to research, the power supply must expand at a pace of roughly 12% per year in order to achieve an annual GDP growth rate of 8%. This shows that the rates of energy use and economic growth are linked.