Question : The best indicator of economic development of any country is______.
Option 1: Per capita income
Option 2: Per person expense
Option 3: Calorie consumption
Option 4: Women empowerment
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Correct Answer: Per capita income
Solution : The correct option is Per capita income
The term per capita income describes the average annual income per person in a nation or area. This idea helps us understand the median income and standard of living of the people. It is computed by dividing the country's GDP by the entire population. It is unmistakable evidence of the nation's economic expansion.
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