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31 August, 16:00

What is the most frequently used mesure of economic development

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  1. 31 August, 16:03
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    Explanation:Economists and statisticians use several methods to track economic growth. The most well-known and frequently tracked is the gross domestic product (GDP).
  2. 31 August, 16:17
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    Income is the most common method of measuring the economic development of a country. There are various methods to measure the national income of a country. The most common method is the GDP. GDP refers to the monetary value of all goods and services produced within the boundaries of a country over a period of time.
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