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
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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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Question : Gross National Product - Depreciation Allowance = ?
Question : If we deduct depreciation from GNP (gross national income), the measure of aggregate income that we obtain is called _____________.
Question : What is the Net National Product?
Question : Personal disposable income (PDI) can be defined as ______.
Question : Net Investment plus Depreciation gives an estimate of which of the following?
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