Question

How can we measure the economic development of a country ? explain



In brief for class 8
correct answer batana plz ​

Answer 1

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.

Answer 2

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.