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Economics of Pakistan

Measures of Economic Development

Measures of Economic Development There are a number of measures which have been used to es timate the economic development of a country. These measures, in brief, are: (i)  Increase in real GNP. (ii)  Increase in real per capita income. (iii)  Rise in overall wellb eing of the people. (iv)   Basic needs approach. (v)    Human Development index. The above measures …

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