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: Option B
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.