Question

classical view of economic development include
a)per capita income
b) national income
c) none of this
d) both a and b​

Answer 1

Answer:

Option b

Explanation:

National Income

Answer 2

Classical view of economic development include -

correct answer is a ) per capita income  

Explanation:

Classical  growth theory  explains economic growth as the result of capital accumulation and reinvestment profits through specialization , division of labor , and the pursuit of comparative advantage.

Correct option is a) per capita income- Per capita is a scale of the quantity of cash obtained per individual in a national or geographical areas  Per income per capita determines the average  income per capita to asses the standard of surving of the workforce.

b) national income- The components of antional revenue . Dosmetic profit is the cost of assets and item provided by a great nation during  a bank loan year. Thus , the entire economic output of the state inside one year is the mechandise of the actual economic interaction of the national and also is cherished into extra income.