Question

Which parameter is useful in judging two countries GDP or Average

income and why? Mention and define two health indictors which are

used to compare nations​

Answer 1

Answer:

(GDP) is one of the most widely used measures of an economy’s output or production. It is defined as the total value of goods and services produced within a country’s borders in a specific time period—monthly, quarterly, or annually. GDP is an accurate indicator of the size of an economy and the GDP growth rate is probably the single best indicator of economic growth, while GDP per capita has a close correlation with the trend in living standards over time.

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Explanation: