4 Views

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.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books