Which indicator is most commonly used for measuring a country's growth and why?
A) PCI
B) GDP
Dear student,
It is average Income also known as per capita income which is most commonly used for measuring a country's growth and development. It is used because different countries have different population so by calculating the average income an estimate can be made of the living standard of population, which can be further used to compare different things at different levels.
Regards.
It is average Income also known as per capita income which is most commonly used for measuring a country's growth and development. It is used because different countries have different population so by calculating the average income an estimate can be made of the living standard of population, which can be further used to compare different things at different levels.
Regards.