JAMB - Economics (2011 - No. 21)
A country achieves economic development when there is
an increase in military expenditure
an increase in capacity utilization
a sustained increase in per capital income
an even distribution of goods and services
Explanation
Per capita income is a measure of the amount of money earned per person in a nation or geographic region. Per capita income helps determine the average per-person income to evaluate the standard of living and economic development for a population.