Question

The best measure of economic development among the following

Answer 1

Answer:

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

• GNP per capita.
• Population Growth
• Occupational Structure of the Labor Force
• Urbanization
• Consumption per capita.
• Infrastructure
• Social Conditions. literacy rate

Explanation:

Economists and statisticians use several methods to track economic growth. The most well-known and frequently tracked is the gross domestic product (GDP). Over time, however, some economists have highlighted limitations and biases in the GDP calculation.

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Answer 2

Answer:

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

• GNP per capita.
• Population Growth
• Occupational Structure of the Labor Force
• Urbanization
• Consumption per capita.
• Infrastructure
• Social Conditions. literacy rate

Explanation:

Hope this answer helps you.

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