Question

how can we measures the economic development ? explain​

Answer 1

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Here is your answer

The increase in per capita income is a good measure of economic development. In the advanced countries, per capita income has been on continuous increases because the growth rate of national income is greater than the growth rate of population.

Here is my list of the most commonly used measures of economic development:

GNP per capita.

Population Growth

Occupational Structure of the Labor Force

Urbanization

Consumption per capita.

Infrastructure

Social Conditions.

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Answer 2

The other ways of measuring the development of economy is to measure per capita income, total income of the country, the extent of import/export, the gdp gross domestic produce and the fiscal deficit