Question : Which of the following is a measure of the average income per person in a country?
Option 1: GDP per capita
Option 2: GNP per capita
Option 3: NDP per capita
Option 4: NNP per capita
Correct Answer: GDP per capita
Solution : The correct answer is (a) GDP per capita.
GDP per capita is a measure of the average income per person in a country. It is calculated by dividing the Gross Domestic Product (GDP) of a country by its population.
GDP per capita provides an indication of the economic well-being and standard of living of the average individual in a country. It takes into account the total economic output of a country and adjusts it for the size of the population, allowing for a comparison of income levels across different countries or over time.
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