Question

Per capita income is often used as a key indicator of:

• A. Total economic output.
• B. A country's military strength.
• C. The standard of living and economic well-being.
• D. The total number of employed people.

Answer 1

Answer:

C. The standard of living and economic well-being.

• Per capita income provides an average measure of how much income each person in a region earns.

• This figure is a widely accepted proxy for the average living standards.