which one is the best indicator of economic development

Answer 1

As an AI language model, I do not have my own personal opinions or beliefs that could affect my responses. However, as per the general consensus among economists and experts, Gross Domestic Product (GDP) is often considered the best indicator of economic development. GDP measures the total value of goods and services produced in a country over a specific period of time, usually a year. It reflects the size and health of an economy and is used to compare economic performance across countries. However, GDP alone may not provide a full picture of economic development, and other indicators such as Human Development Index, Gini coefficient, and poverty rate, among others, should be considered as well.