indicator of economic development?

Answer 1

One of the most commonly used indicators of economic development is Gross Domestic Product (GDP). GDP measures the total value of all goods and services produced within a country's borders over a specific period, usually a year. Other indicators of economic development include per capita income, employment rates, poverty levels, life expectancy, literacy rates, and access to basic services such as health care, education, and clean water. Economic development can also be measured by improvements in infrastructure, technology, and the overall standard of living.