Which of these is an indicator of economic development?

Per capita income
Literacy rate
Human Development Index (HDI)
All of the above

The correct answer is D. All of the above are indicators of economic development.

  • Per capita income is a measure of the average income of a country’s citizens. It is calculated by dividing the country’s gross national income (GNI) by its population. A high per capita income indicates that a country’s citizens are generally wealthy.
  • Literacy rate is the percentage of a country’s population that can read and write. A high literacy rate indicates that a country’s citizens are generally educated.
  • The Human Development Index (HDI) is a composite index of three indicators: life expectancy, education, and per capita income. It is used to measure the level of human development in a country. A high HDI indicates that a country’s citizens have a high standard of living.

Economic development is the process of increasing the wealth and standard of living of a country’s citizens. It is often measured by indicators such as per capita income, literacy rate, and HDI.

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