Which of the general indicators of development helps gauge progress for a developing nation?
A.
a reduction in the government deficit
B.
an increase in GNI per capita
C.
the Gender Inequality Index
D.
the rate of World Bank loans issued to a country
E.
the interest rate at the International Monetary Fund
B. an increase in GNI per capita
The indicator that helps gauge progress for a developing nation is B. an increase in GNI per capita.
Gross National Income (GNI) per capita is a measure of the average income earned by each individual in a country, and it reflects the overall economic performance and standard of living in that nation. GNI per capita takes into account the total income generated by all individuals in a country, including their income from domestic and foreign sources.
To obtain the GNI per capita for a developing nation, you can follow these steps:
1. Start by accessing the World Bank's website or any reputable source for economic data.
2. Identify the GNI figures for the specific developing country you are interested in. These figures are typically reported in U.S. dollars.
3. Divide the total GNI by the country's population to obtain the GNI per capita. This will give you the average income earned by each person in that country.
By comparing the GNI per capita over time, you can assess the progress of a developing nation. An increase in GNI per capita indicates economic growth and development, as it implies that people in the country have higher incomes on average and that the standard of living is improving.