Per Capita Income, National Income and Contribution to GDP
The indicator...
Question
The indicator used to show the living standard of people in a country is:
A
Per Capita Income
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B
Gross Domestic Product
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C
Net National Product
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D
Net Domestic Product
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Solution
The correct option is B Per Capita Income Per capita income or output per person is an indicator to show the living standard of people in a country. It is obtained by dividing the national income by the population of a country.