Question

1. How can we measure the economic development of a country? Explain.
ANSWER. Economic Development is programs, policies or activities that seek to improve the economic well-being and quality of life for a community. ... Each community has its own opportunities, challenges, and priorities. Your economic development planning must include the people who live and work in the community.​

Answer 1

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Answer 2

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Economists usually measure economic growth in terms of gross domestic product (GDP) or related indicators, such as gross national product (GNP) or gross national income (GNI) which are derived from the GDP calculation