Question

What indicator of development can be defined as 'the total value of all of the goods and services produced by a country in a year, plus all of the money it receives from investments made in other countries, DIVIDED BY the country’s population'?

Answer 1

GDP Per Capita

A country's GDP or gross domestic product is calculated by taking into account the monetary worth of a nation's goods and services after a certain period of time, usually one year. It's a measure of economic activity.

Then, this amount of wealth is divided among a given country's population to solve for its GDP per capita.