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Which of the following best indicates economic growth of a Nation?
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- Agriculture income
- Per capita income
- Gross industrial production
- Inflation
- Agriculture income
Correct Option: B
Some economists believe that economic growth is meaningless if it is not distributed across different segments of population. So per capita income is considered by some as a better indicator of economic growth since it measures the average income earned per person in countryin a specified year. It serves as an indicator of a country's living standards and how wealth or income is distributed across the population. However, to a vast majority Gross Domestic Product (GDP) is the most comprehensive measure of overall economic performance.