How is economic development is measured

1.	How is economic development is measured
Answer» Answer: GNP is the total market value of all final goods and SERVICES produced by a country in ONE year. It is a measure of ECONOMIC activity, or how much is produced in a country. ... Therefore we MUST COMPARE GNP PER CAPITA. To calculate GNP per capita (or income per person) we divide the GNP by the population.

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Answer:

GNP is the total market value of all final goods and SERVICES produced by a country in ONE year. It is a measure of ECONOMIC activity, or how much is produced in a country. ... Therefore we MUST COMPARE GNP PER CAPITA. To calculate GNP per capita (or income per person) we divide the GNP by the population.

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How is economic development is measured​

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How is economic development is measured