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Q.

Mention if the given statement is true or false:


Total income is used to compare different countries.


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a

True

b

False 

answer is B.

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Detailed Solution

The above statement is false.
Total income refers to the total income of a country. It is not useful in comparing countries since different countries have different populations. On the contrary, per capita income is a useful measure to compare countries as a country's population is also taken into account.
The corrected statement will be: “Per capita income is used to compare countries.”
 
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