Question

Which is the most suitable measure of economic development?answer in brifely.​

Answer 1

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

Answer 2

Answer:

Here is your answer

Explanation:

The increase in per capital 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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