What is the most frequently used mesure of economic development

Income is the most common method of measuring the economic development of a country. There are various methods to measure the national income of a country. The most common method is the GDP. GDP refers to the monetary value of all goods and services produced within the boundaries of a country over a period of time.

Explanation:Economists and statisticians use several methods to track economic growth. The most well-known and frequently tracked is the gross domestic product (GDP).