Question

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

Answer 1

Answer:

We can measure the economic development of a country by measuring its:

• total income
• the extent of import/ export
• GDP
• fiscal deficit

The other ways of measuring are by looking at:

The employment, unemployment and poverty rate in the country.  

If the country is developed enough to convert its raw materials into furnish goods.  

If the industry sector is contributing more than 25% of the total GDP.  

Answer 2

Answer:

By it's industrial development.

Explanation:

Industrial Development is recognized as a yardstick for measuring the economic development of a country.