Question : An individual's actual standard of living can be assessed by
Option 1: Gross National Income
Option 2: Net National Income
Option 3: Per Capita Income
Option 4: Disposable Personal Income
Correct Answer: Per Capita Income
Solution : The correct answer is Per Capita Income
Per Capita Income can be used to determine an individual's real level of life. The average income earned per person in a specific location is measured as per capita income. It is computed by dividing the total revenue of the area by the entire population.
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