Question

how is economic development measured​

Answer 1

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Economic growth refers to increases in a country's production or income per capita. Production is usually measured by gross national product (GNP) or gross national income (GNI), used interchangeably, an economy's total output of goods and services.

IT IS USUALLY MEASURED BY GDP.

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Answer 2

1Method-- Here is my list of the most commonly used measures of economic development:

GNP per capita. [wbgnpmap] [gnppctab.htm]

Population Growth [wrpopgr]

Occupational Structure of the Labor Force [wraglab]

Urbanization [wrurban]

Consumption per capita. [wwenergy] ...

Infrastructure [wwtrans]

Social Conditions. literacy rate

2method -- 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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