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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


Team Careers360 23rd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

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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