India's Gross National Income was higher than Brazil; still, India had lower per capita income according to 2016 reports, what can be the major reasons?
A
Because Brazil is a developed country
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B
Because Brazil's population is less than India's.
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C
Because the revenue generated by Indians is less than that of Brazil.
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D
Because Brazilian currency is stronger than India currency.
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Solution
The correct option is B Because Brazil's population is less than India's. Even though India had a larger GNI in the year 2016, the per capita income was lower than Brazil because of the large population of India. While Brazil still has a lot of land for its people, India's land and natural resource, both are getting exhausted due to high population.