Hayat Ashraf

There are several commonly used measures of economic development that provide insights into the overall progress and well-being of a country or region. Here are some key indicators often used to gauge economic development: 1. Gross Domestic Product (GDP): GDP is the total value of goods and services produced within a country's borders over a specific period. It is a widely used measure of economic output and can provide an indication of the overall size and growth of an economy. 2. Gross National Income (GNI): GNI represents the total income generated by residents of a country, including both domestic and international sources. It takes into account factors like remittances, foreign investments, and income earned from abroad. GNI per capita is often used as an indicator of the average income and standard of living in a country. 3. Human Development Index (HDI): The HDI is a composite index that measures the overall well-being and development of a country. It considers factors such ...