MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Rate of Inflation

Per Capita In...

Question

Per Capita Income is an Indicator of the _______.

A

richness of people

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

poverty of people

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

living standard of people

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

literacy of people

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

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.

Suggest Corrections

thumbs-up

0

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.

Reason (R): Per capita income is just the average income of the country.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Types of Index Numbers

STATISTICS

Watch in App

explore_more_icon

Explore more

Rate of Inflation

Standard XI Statistics

Join BYJU'S Learning Program

CrossIcon