Economics · Economic Growth and Development
Which of the following is traditionally considered the most comprehensive qualitative indicator of economic development?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A quantitative expansion in heavy industrial output
- 2A continuous rise in the gross national debt
- 3An improvement in the standard of living of the people✓
- 4An increase in the total population size
Correct answer
An improvement in the standard of living of the people
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