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Lelu [443]
2 years ago
13

As an indicator of development what factors should be considered​

Social Studies
2 answers:
777dan777 [17]2 years ago
8 0

Answer:

<em>Per Capita Income (PCI):</em>

The average income of the people living in the country is the per capita income.

A rise in PCI is an important indicator of economic development

The rise in PCI indicates economic welfare of the country

<em>Per Capita Consumption (PCC):</em>

The increase in consumption of goods and services by the people is measured in PCC.

Example clothing, food, education, health etc

iVinArrow [24]2 years ago
8 0

GDP:-

  • Gross domestic product is the factor that defines the total outcome

GDP growth rate

  • This defines how fast the economy is running

PCI

Per capita income defines the rate of change in lifestyle

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