Which of the following is a good proxy for the measure of economic prosperity when GDP per capita data are unavailable?
A) Measurements of urbanization
B) Measurements of consumer surplus
C) Measurements of producer surplus
D) Measurements of balance of payments

Question

Quizplus · Accepted Answer

Urbanization can be a good proxy for economic prosperity as it often reflects increased economic activity, employment opportunities, and access to resources such as education and healthcare. This is particularly true in developing countries where GDP per capita data may be unavailable or unreliable. However, it is important to note that urbanization alone cannot provide a complete picture of economic prosperity and should be used in conjunction with other indicators. Consumer and producer surplus and balance of payments are not as directly related to prosperity as urbanization.

Which of the Following Is a Good Proxy for the Measure