JAMB UTME - Economics - 1990 | Green Bridge CBT

Question 1 Report

The most common index used for measuring development is?

the level of literacy

per capita income

nutritional levels

population growth rate

Answer Details

The most common index used for measuring development is per capita income. Per capita income is the average income earned per person in a given area or country. It is calculated by dividing the total income of a region or country by its population. Per capita income is widely used as a measure of a country's economic development and standard of living. A higher per capita income generally indicates that a country is more developed and has a higher standard of living than a country with a lower per capita income. Therefore, is the correct answer: the most common index used for measuring development is per capita income.

Read lesson note on Economic Development And Planning (WAEC)






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