Which of the following is an indicator of the standard of living of a country under the concept of National Income?

CA Foundation · Business Economics · PYQS · May 2025
Which of the following is an indicator of the standard of living of a country under the concept of National Income?
(A) A. Personal Income
(B) B. Disposable Personal Income
(C) C. Per Capita Income
(D) D. GDP at factor cost

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Per Capita Income

Topics: Determination of National Income

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