JAMB - Economics (2008 - No. 26)
A good indicator of economic development is an increase in
gross national product
per capital income
real national income
real per capital income
Explicació
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.