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Subject - Economics:

Miscellaneous

MCQ - 235-4245

Question:

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

  1. poverty ratio
  2. per capita income
  3. national income
  4. per capita income

Correct Answer: B

Explanation:

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.

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269 MCQ for effective preparation of the test of Miscellaneous of Economics section.

Read the MCQ statement: The standard of living in a country is represented by its: , keenly and apply the method you have learn through the video lessons for Miscellaneous to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 235-4245.

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Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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