How can we measure the economic development of a country? Explain.
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GNP per capita. [wbgnpmap] [gnppctab.htm]
Population Growth [wrpopgr]
Occupational Structure of the Labor Force [wraglab]
Urbanization [wrurban]
Consumption per capita. [wwenergy] ...
Infrastructure [wwtrans]
Social Conditions. literacy rate [wwlitrt]
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Answer:
Economic development of a country can be measured by its per capita income, literacy rate, health status, infant mortality rate and life expectancy of persons living in that country. To begin with, you can calculate the GDP of the country and contrast it with the GDP of previous years.
It was a relatively simple index taken as average of three figures viz. basic literacy rate, infant mortality and life expectancy at age.
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