Answer:
There are various measures of checking socioeconomic development of the developing or least developed countries for examples HDI, PCI, GNI, Gini -coefficient, Gross domestic happiness Index (GDHI).
Explanation:
All of these are useful and all have their own specific strengths and weaknesses. Their key merit is that they allow comparison across countries. However, if you have the possibility to collect your own data, you may want to consider the amount of money families spend on 'basics' such as food versus expenditure on consumer goods; or the kind and number of income sources of families, such as paid work, informal self employed, formal self employed, farming.
Brainliest, Hope it helps :)
