A good indicator of economic development is an increase in
ECONOMICS
JAMB 2008
A good indicator of economic development is an increase in
- A. gross national product
- B. per capital income
- C. real national income
- D. real per capital income
Correct Answer: B. per capital income
Explanation
The extent to which a country has developed is majorly indicated by the country's level of per capita income. Per capita income is a measure of the amount of income earned per person in a nation or geographic region. The higher the per capita income, the higher the standard of living.
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