National Income
Trending Questions
Q. What is national income also known as?
- Per capita income
- Average income of the country
- Total income of the country
- Gross domestic product
Q.
What is the advantage of per capita income? Mention any one.
Q. Assertion (A): Total income is not a very useful measure while comparing the development of different countries.
Reason (R): Different countries have different population levels.
Reason (R): Different countries have different population levels.
- Both A and R are true, and R is the correct explanation for A.
- A is true, but R is false.
- A is false, but R is true.
- Both A and R are true, but R is not the correct explanation for A.
Q. What is referred to as the sum total of income of all the residents of the country?
- Per capita income
- Sum income
- National income
- Gross domestic product
Q. National income can be used to compare the development of countries with different levels of population.
- False
- True
Q. Which of the following is true regarding national income?
- Higher the population, higher the national income.
- Higher the national income, higher the development.
- Higher the national income, higher the per capita income.
- Higher the national income, higher the population.
Q. Write a short note on national income and per capita income.
Q. Higher the __________, higher is the economic development.
- national income
- malnourishment
- foreign debt
- mortality rate