……………. States that rapid growth of per capita income will be associated with a reduction in poverty.

Related MCQs

• If prices of Eggs rises from `25 per dozen to `30 per dozen, the demand for vegetable burger increases from 30 per day to 40 per day, then the cross elasticity of eggs and vegetable burger is
• An individual is spending his entire income on two items A and B equally. If income elasticity of A is 4 what is income elasticity of B
• If an individual is spending his entire income on two items A and B in the ratio of 60:40. If income elasticity of A is 5 what is income elasticity of B
• If the price of burger rises from `12 per piece to `20 per piece as a result of which the daily sales decreases from 300 to 200 pieces per day. The price elasticity of demand can be estimated as
• If the price of vegetable sandwich rises from `6 per piece to `12 per piece as a result of which the daily sales decreases from 800 to 400 pieces per day. The price elasticity of demand can be estimated as
• If prices of petrol rises from `40. To `48 per lt., the demand for cars falls from 60 per month to 45 per month, the cross elasticity of petrol and Car is
• Personal income equals personal disposable income (Yd) plus
• The difference between personal disposable income and personal income is
• If the disposal income of a household increases by 10% and the demand for bread falls by 5%. The income elasticity of bread is
• If the disposal income of a household increases by 10% and the demand for X commodity increased by 25%. The income elasticity of X is