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
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.