A good indicator of economic development is an increase i...
A good indicator of economic development is an increase in
Gross national product
Per capital income
Real national income
Real per capital income
Correct answer is B
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.
1. Climate and availability of water largely determines the pattern of the population distrib...
Co-operative societies formed to market the output of their members are called ...
To move from point M to K, the consumer has to increase the ...
Which of the following best describes the concept of opportunity cost? ...
If a country's national income increased from N1,000 billion over a period of 2 years, what was ...