Home » Indian Economy » World Economy » Question
  1. The standard of living in a country is represented by its
    1. Poverty ratio
    2. Per capita income
    3. National income
    4. Unemployment rate
Correct Option: B

Per capita income, also known as income per person, is the mean income of the people in an economic unit such as a country. Per capita income is often used to measure a country's standard of living.



Your comments will be displayed only after manual approval.