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Q.

Which of the following is the best way to measure the development status of a country?

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a

Number of cities in a country

b

Per capita income

c

Number of IT sector jobs in a country

d

Inflation

answer is B.

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Detailed Solution

Per capita income is the best way to measure a country's development status. It is the mean income of all citizens of a country. It is usually calculated by dividing a country's gross national income by its total population. Per capita income, also known as average income, refers to the average income earned per person in a given country. The World Development Reports, published by the World Bank, uses the criterion of average or per-capita income of a country's citizens solely to assess a nation's development.

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