What is the most common method of measuring the economic development of a country - Social Science - Development

Question

What is the most common method of measuring the economic
development of a country??

Tanu Jain · Accepted Answer

Dear Student,

One of the popular methods to measure the economic development of
the country is GDP
The Gross Domestic Product measures the value of
economic activity within a country In other words, GDP is the sum
of the market values, or prices, of all final goods and services
produced in an economy during a period of time
Another method is per capita income

Regards,

What is the most common method of measuring the economic development of a country??