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Question
The best indicator of economic development of any country is __________.
The best indicator of economic development of any country is __________.
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Solution
The correct option is D Its per capita income
Per capita income or average income measures the average
income earned per person in a given area in a specified year. It is calculated
by dividing the area's total income by its total population. Conventionally,
per capita income is used as an index of development.
Per capita income or average income measures the average income earned per person in a given area in a specified year. It is calculated by dividing the area's total income by its total population. Conventionally, per capita income is used as an index of development.
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