A country achieves economic development when there is?

A. an increase in military expenditure
B. an increase in capacity utilization
C. a sustained increase in per capital income
D. an even distribution of goods and services

Correct Answer:

Option C – a sustained increase in per capital income

Explanation

Per capita income is a measure of the amount of money earned per person in a nation or geographic region. Per capita income helps determine the average per-person income to evaluate the standard of living and economic development for a population.