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 – per capital income

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.