Directions How to Answer

Aptitude Test Topic: Economics

This section is comprised of MCQs on Economics.

Directions

The following are questions on Economics. Select the correct option to represent your answer.

To give the answer click/tap the option alphabet for your answer choice. for correct answer green check and for wrong answer a red cross will appear along with a button to show explanation with or without video of the question answer.

Economics: All Topics Practice MCQ

Question Statement:

The standard of living in a country is represented by its:

poverty ratio
per capita income
national income
unemployment rate

Explanation:

Correct Answer: B

Sol. Per capita income or average income or income per person is the mean income within an economic aggregate, such as a country or city. It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross National Income) and dividing it by the total population.

Question: 1   Test: 5 of 5 Next Test

Tests

You are taking Aptitude Test No. 5

Each aptitude test is comprised of 10 except the last test which might have fewer than 10 in some topics.

You are at question (MCQ) number 1 and Test Number 5 of Economics: All topics. To deal with Economics questions, you must take lesson on the subject. In case of science and Art subjects revise your text books and in case of general aptitude topics take lessons from the topic page.

The question: The standard of living in a country is represented by its: .... with options: poverty ratio, per capita income , national income , unemployment rate can be solved with the concepts and understanding of Economics.