Q.

Which of the following best indicates economic growth of a Nation?

A. Agriculture income
B. Per capita income
C. Gross industrial production
D. Inflation
Answer» B. Per capita income
Explanation: Some economists believe that economic growth is meaningless if it is not distributed across different segments of population. So per capita income is considered by some as a better indicator of economic growth since it measures the average income earned per person in country in a specified year. It serves as an indicator of a country's living standards and how wealth or income isdistributed across the population. However, to a vast majority Gross Domestic Product (GDP) is the most comprehensive measure of over-all economic performance.
2.1k
0
Do you find this helpful?
1

View all MCQs in

Economics (GK)

Discussion

No comments yet