Question

How national development measured

Answer 1

Gross National Product(GNP) measures the economic out put of a give nation.

Answer 2

There are many different ways for measuring the national development which include measuring the gross national product, per capita income of the people and the birth rate and death rate of the population in a country.

Explanation:

• The national development of a place gives an indication on the standard of living of the people with information regarding their per capita income, and the economic growth of the country. It is an effective way to analyze the  changes in the level of development of countries over  a period of time.
• There are many different view point among the economists on the methods of measuring the national development of the country. Some people are of the view that the increase in national income is an effective method of measuring the national development. There are some who believe that the Net National product gives a better understanding of development
• It is said when there is no disparity and there is equal distribution of income the people then it improves the economic conditions of the people. The purchasing power of the people increases and there is an increase in national development

To know more about national development

What is national development and attributes of national development?

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