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Q.

Choose if the given statement is True/False.

Per capita income is used for comparing the development of different countries.

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a

True

b

False

answer is A.

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Detailed Solution

The given statement is true. Per capita income is used as a measure to make comparisons between different countries, and per capita income can be calculated by dividing the total income of that country by the total population of the country. It helps to understand the standard of living of the people of a country. It also helps different governments to frame policies to develop their countries economically.

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Choose if the given statement is True/False.Per capita income is used for comparing the development of different countries.