Question : Which of the following best indicates the economic growth of a nation?
Option 1: Agriculture income
Option 2: Per capita income
Option 3: Gross industrial production
Option 4: Inflation
Correct Answer: Per capita income
Solution : The correct answer is Per capita income.
Economic growth happens when the production of goods and services increases over a specific period compared to the previous one. The average income of a person within a nation is expressed by the term "per capita income." It provides insight into people's living standards and can be used to contrast the economic climates of various nations.
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