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The average income of the country is?

APer capita income

BDisposable income

CInflation rate

DReal national income

Answer:

A. Per capita income

Read Explanation:

Per capita income is calculated by dividing the total national income by the total population of the year.


Related Questions:

Total income of the country divided by its total population is known as?
To assess economic development based on per capita income, which two factors are most important to observe?
When was the Physical Quality of Life Index (PQLI) first implemented?

As a development indicator, list out the limitations of per capita income.

i.Per capita income is an average income.

ii.It ignores factors like education, availability of nutritious food and health care facilities that improve the quality of living.

iii.It does not take into account social welfare and the equitable distribution of income.

iv.It cannot be claimed that improvement in the quality of living has been attained if the rich-poor disparity persists.

വരുമാന വിതരണത്തിൽ പുരോഗതിയില്ലാതെ പ്രതിശീർഷ വരുമാനത്തിലെ വർദ്ധനവ് സൂചിപ്പിക്കുന്നത്.