What is the most often-used indicator of economic development?

A.

population

B.

literacy rate

C.

GDP per capita

D.

the factors of production

Question

What is the most often-used indicator of economic development?





A. 


population 




B. 


literacy rate 




C. 


GDP per capita 




D. 


the factors of production

anonymous · Answer

GDP.

kash_thesmartguy · Answer

What do you think? @desmadrosa

kash_thesmartguy · Answer

No direct answers! @ThatOneStupidGuy

anonymous · Answer

GDP per capita is the best answer. If a country has a high GDP per capita, it generally will have higher living standards, hence better literacy rate, and life expectancy. Also, in general, if a country has a high GDP-PC then chances are the factors of production are there because things like entrepreneurship and labor force contribute to the economy and raise the GDP.