Question

How is econmic development measured?​

Answer 1

Since, economic welfare is a qualitative aspect of development; it needs to be measured in some way or the other. Some ways to measure the economic development are as follows: Growth in GNP/GDP. Per Capita Income as an Index of Economic Welfare. The Physical Quality of Life Index (PQLI)

Answer 2

some ways to measure the economic development are :

1. growth in GNP/GDP

2. Per Capita income as an index of economic welfare