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Rate of Inflation

Per Capita In...

Question

Per Capita Income is an Indicator of the _______.

A

richness of people

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B

poverty of people

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C

living standard of people

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D

literacy of people

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Solution

The correct option is C living standard of people
GDP per capita is an important indicator of economic performance and a useful unit to make cross-country comparisons of average living standards and economic wellbeing.

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Similar questions

Q. Assertion (A): Per capita income is a better indicator than total income to compare the development of nations.

Reasoning (R): Per capita income addresses how income is distributed among people.

Q. Why is per capita income not an adequate indicator of the economic development of a country?

Q. Why is the per capita income of a country a better indicator of development than just the total income?

Q. Per capita income is a better indicator of development as compared to national income.

Q. Assertion (A): Per capita income cannot be considered a helpful measure to judge the welfare of the citizens.

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