what is the economic development?which indicator are included in it?
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Answer:
Economic indicators include measures of macroeconomic performance (gross domestic product [GDP], consumption, investment, and international trade) and stability (central government budgets, prices, the money supply, and the balance of payments).
Explanation:
The indicators of economic development are:
- Growth rate of National Income:
- Per Capita Income (PCI):
- Per Capita Consumption (PCC):
- Physical Quality Life Index (PQLI) and Human Development Index (HDI):
- Industrial progress
- Capital formation:
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