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Per capita income is often adjusted for inflation. This adjusted figure is known as:

ANominal per capita income

BGross National Income

CReal per capita income

DDisposable per capita income

Answer:

C. Real per capita income

Read Explanation:

  • Real income is adjusted for inflation to reflect the actual purchasing power of the money.


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Regarding the Current Daily Status (CDS) method, which statement is incorrect?

  1. The reference period for the Current Daily Status method is a single day within the survey week.
  2. If a person works for four hours or more during a day, they are considered unemployed for that entire day under CDS.
  3. The CDS method is designed to capture person-days of unemployment, offering a very detailed measure.
    When comparing states, a high per capita income coupled with a high Human Development Index (HDI) indicates: