Question

To assess economic development based on per capita income, which two factors are most important to observe?

• A. National income growth rate and inflation rate
• B. Population growth rate and unemployment rate
• C. National income growth rate and population growth rate
• D. Inflation rate and unemployment rate

Answer 1

Answer:

C. National income growth rate and population growth rate

Two important things to observe to find out whether a country has achieved economic development based on per capita income are :-

1. National Income Growth Rate

2. Population Growth Rate