Question

What is the most common method of measuring the economic development of a country??

Answer 1

Dear Student,

One of the popular methods to measure the economic development of the country is GDP.

The Gross Domestic Product measures the value of economic activity within a country. In other words, GDP is the sum of the market values, or prices, of all final goods and services produced in an economy during a period of time.
Another method is per capita income.

Regards,

Regards,