JKSSB Mock Tests

Which term is used to denote the mean income computed for every man, woman, and child in a particular group including those living in group quarters?

A. GDP
B. Per hundred income
C. Per capita income
D. PRCS
Answer: Option C
Solution (By JKSSB Mock Tests Team)
Per capita income is a measure calculated by dividing an area's total economic output or income by its total population, serving as a standard indicator of average wealth and living standards.
This Question Belongs to: General knowledge mcqs Economics set 2

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