Which of the following is an accurate definition for economic development?

Athe level of economic, political, and social well being of a nation's people
Bthe market value of all final goods and services produced within a country in a given period of time
Ca nation's gross domestic product divided by total population
Da measurement of worth or cultural superiority

Verified Answer :

The best option in terms of an accurate definition for economic development would be "a. the level of economic, political, and social well being of a nation's people," since "developed" nations usually have more of these things than "undeveloped" nations.