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Economics miscellaneous

  1. A rising Per Capita Income will indicate a better welfare if it is accompanied by
    1. unchanged Income distribution overall.
    2. changed Income distribution in favour of rich.
    3. changed Income distribution in favour of poor.
    4. changed Income disribution in favour of Industrial Labour.
Correct Option: C

Per capita income has lately been viewed as a better determinant of economic development and welfare. However, high inequality can still diminish economic growth. So equal or more rationale distribution of income in the favour of the poor is the best way to ensure that the welfare is holistic and leaves no quarters deprived as after all, economic welfare is a part and parcel of social welfare.



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