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Q.

Which of the following is a basis for measuring economic development?


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a

Income

b

Health

c

Education

d

All of the above 

answer is D.

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Detailed Solution

Income: Income is the most critical measure of economic development and is also helpful in comparing two countries. There is also another concept called per capita income, which is much better in determining the average earnings of each nation's citizens.
Health: Poor health conditions in any country will harm development due to lower life expectancy. Thus, the more widely available the health infrastructure is, the more developed the country is.
Education: Without good education facilities, a country can't develop. Therefore, it is also a parameter of development.
 
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Which of the following is a basis for measuring economic development?