📝 Multiple Choice Question
Economics
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
Explanation
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.
Report Issue
Discussion (0 Comments)
Leave a Comment
No comments yet. Be the first to comment!
📌 Related Questions
Which of the followings statements is/are true about private goods? I....
Solve →As per the National Multidimensional Poverty Index Report 2023, which ...
Solve →) Which of the following five year plan of India aimed at accelerating...
Solve →Calculate personal income from the following data. I. National Income ...
Solve →What is the national female workforce participation rate as per the Ce...
Solve →