Economics · National Income and Economic Development
Which of the following is generally considered the most appropriate quantitative indicator to measure the economic development of a nation over time?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Increase in Gross Domestic Product (GDP)
- 2Increase in Gross National Product (GNP)
- 3Increase in Real Per Capita Income✓
- 4Increase in total national savings
Correct answer
Increase in Real Per Capita Income
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