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  5. A country achieves e...

A country achieves economic development when there is

Economics
JAMB 2011

A country achieves economic development when there is

  • A. an increase in military expenditure
  • B. an increase in capacity utilization
  • C. a sustained increase in per capital income
  • D. an even distribution of goods and services
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Correct Answer: Option C
Explanation

Per capita income is a measure of the amount of money earned per person in a nation or geographic region. Per capita income helps determine the average per-person income to evaluate the standard of living and economic development for a population.

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