Question

How can we measures the economic development of a country ? explain. ​

Answer 1

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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.

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Answer 2

Answer:

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 produceand the fiscal deficit