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What factors would you use to measure the level of economic development in a country?
Wiki User
∙ 10y ago
Geographers use general measures of development to analyze this progress
Wiki User
∙ 10y ago
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How economic growth is different from economic development?
Economic growth is defined by increases in GDP. Whereas, economic development is more of a vague measure usually encorporating social measures such as literacy rates or life expectancy as a means of measuring a country's level of development.
How does a country measure its economic health?
GDP.. this is the answer.
What is the best measure of the value of output of an economy?
A country's gross domestic product (GDP) is a measure of a country's overall economic output.
The level of penetration of high demand not remote processing in computerization and telecommunication have indeed become measure of national economic development?
The level of penetration of high demand not remote processing in computerization and telecommunication have indeed become measure of national economic development?
What does the level of a nation's GDP measure?
It measures the economic growth of a country,
How economic growth is different from economic development?
Economic growth is defined by increases in GDP. Whereas, economic development is more of a vague measure usually encorporating social measures such as literacy rates or life expectancy as a means of measuring a country's level of development.
What is the relationship between geography and social development?
In development geography, geographers study spatial patterns in development. They try to find by what characteristics they can measure development by looking at economic, political and social factors. They seek to understand both the geographical causes and consequences of varying development.
How does a country measure its economic health?
GDP.. this is the answer.
What is the best measure of the value of output of an economy?
A country's gross domestic product (GDP) is a measure of a country's overall economic output.
The level of penetration of high demand not remote processing in computerization and telecommunication have indeed become measure of national economic development?
The level of penetration of high demand not remote processing in computerization and telecommunication have indeed become measure of national economic development?
What does the level of a nation's GDP measure?
It measures the economic growth of a country,
The is measure of a country's total economic output?
gross domestic product
What is the primary measure of a country's development?
per capita gross domestic product
What are the strengths and weaknesses of GDP as a measure of economic development?
what are the strengths and weakenesses of gross domestic product
Differentiate between economic development and sustainable development?
economic development implies more, particularly improvements in health, education and other aspects of human welfare. Countries that increase their Income but do not also raise life expectancy, reduce infant mortality, and increase literacy rates are missing out of some important aspects of development. The economic development of a country is defined as the development of the economic wealth of the country. Economic development is aimed at the overall well-being of the citizens of a country, as they are the ultimate beneficiaries of the development of the economy of their country. Economic growth on the other hand, is a narrower concept than economic development. It is defined as the increase in the value of goods and services produced by every sector of the economy. It is usually expressed in terms of the gross domestic product or GDP of the country. Economic growth is defined by increases in GDP. Whereas, economic development is more of a vague measure usually incorporating social measures such as literacy rates or life expectancy as a means of measuring a country's level of development. at last its depends on the market weather it high or low of the demand
The level of penetration of high demand not remote processing in computerization have indeed become measure of national economic development discuss the area of national develop?
The level of penetration of high demand not remote processing in computerization have indeed become measure of national economic development discuss the area of national develop?
What is the purpose of GDP?
Real GNP or real GDP provides analysts with an indication of how quickly the business sector of the economy is growing in a country. It also serves as a guidepost for local communities as they address economic development issues at a local level.
