Question

In the developed economy, not only total income but also ___________ is very high.

• A. Gross Domestic Product
• B. Per capita real income
• C. National income
• D. all of the above

Answer 1

The correct option is D all of the above

In developed economy, not only total income, but per capita real income is very high. Per capita real income is obtained as the ratio between income and total population. According to one of U.N.O. reports, per capita real income in developed nation is nearly $ 8,000.