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Question : What is the parameter for economic development?

Option 1: Per capita monetary income

Option 2: National income

Option 3: Per capita rural income

Option 4: Population


Team Careers360 7th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: Per capita monetary income


Solution : The correct answer is Per capita monetary income .

Per capita Income is the money earned per person in a nation or geographic region. Human and social development is assessed using a range of indicators, such as population growth, equity, poverty, education, and social cohesion. The metric for measuring economic development is per-capita income. The primary engine of economic expansion has been the desire for advancement in these areas, and the general belief has been that the more growth, the better.

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