Per capita income is a measure of economic development. It is calculated by dividing the total income of a country by its population. A high per capita income indicates that a country is economically developed, while a low per capita income indicates that a country is less developed.
Economic development is the process of increasing the economic well-being of a country’s citizens. It is measured by a variety of factors, including per capita income, gross domestic product (GDP), and human development index (HDI).
Standard of living is a measure of the quality of life in a country. It is typically measured by factors such as income, education, health, and access to basic necessities.
Health outcomes are the results of health care interventions. They are typically measured by factors such as life expectancy, infant mortality rate, and prevalence of chronic diseases.
Educational attainment is the level of education that a person has completed. It is typically measured by the number of years of schooling completed.
Per capita income is a good measure of economic development because it captures the overall level of economic activity in a country. However, it is not a perfect measure, as it does not take into account factors such as inequality and the distribution of income.