New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    The standard of living in a country is represented by

    its;
    A Poverty ratio Correct Answer Incorrect Answer
    B Per capita income Correct Answer Incorrect Answer
    C National income Correct Answer Incorrect Answer
    D Unemployment rate Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Per capita income, also known as income per person, is the mean income of the people in an economic unit such as a country. Per capita income is often used to measure a country’s standard of living.

    Practice Next