Question : The best index of economic development is provided by
Option 1: Growth in per capita real income from year to year
Option 2: Growth in national income at current prices
Option 3: Growth in savings ratio
Option 4: Improvements in the balance of payments position
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Correct Answer: Growth in per capita real income from year to year
Solution : The correct option is Growth in per capita real income from year to year .
The increase in real per capita income is one of the most popular metrics for measuring economic progress. It indicates the average income of people in a nation. This measure is useful since it captures the population's overall living conditions and health.
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Question : Accounting of National Income at constant prices is known as____________.
Question : The best indicator of economic development of any country is______.
Question : Which of the following is another term for the average income of a country?
Question : As of 2019, national income estimates in India are prepared by:
Question : A rising per capita income will indicate better welfare if it is accompanied by:
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