A country achieves economic development when there is
ECONOMICS
JAMB 2011
A country achieves economic development when there is
- A. an increase in military expenditure
- B. an increase in capacity utilization
- C. a sustained increase in per capital income
- D. an even distribution of goods and services
Correct Answer: C. a sustained increase in per capital income
Explanation
Per capita income is a measure of the amount of money earned per person in a nation or geographic region. Per capita income helps determine the average per-person income to evaluate the standard of living and economic development for a population.
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