Question

Often considered as the economic indicator of the economic development of the country *

Answer 1

Answer:

Gross domestic product (GDP) is one of the most common indicators used to track the health of a nation's economy.

Economic development involves an increase in real incomes, higher life expectancy, lower poverty and a greater provision of basic amenities.

Economists usually measure economic growth in terms of gross domestic product (GDP) or related indicators, such as gross national product (GNP) or gross national income (GNI) which are derived from the GDP calculation