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Per capita incomes of countries for international comparison are expressed in :
  • a)
    Rupees
  • b)
    Dollars
  • c)
    Pounds
  • d)
    None of the above
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Per capita incomes of countries for international comparison are expre...
  • GDP per capita is an important indicator of economic performance and a useful unit to make cross-country comparisons of average living standards and economic wellbeing.
  • However, GDP per capita is not a measure of personal income and using it for cross-country comparisons also has some known weaknesses.
  • In particular, GDP per capita does not take into account income distribution in a country. 
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Most Upvoted Answer
Per capita incomes of countries for international comparison are expre...
GDP per capita is an important indicator of economic performance and a useful unit to make cross-country comparisons of average living standards and economic wellbeing. However, GDP per capita is not a measure of personal income and using it for cross-country comparisons also has some known weaknesses. In particular, GDP per capita does not take into account income distribution in a country. In addition, cross-country comparisons based on the U.S. dollar can be distorted by exchange rate fluctuations and often don’t reflect the purchasing power in the countries being compared.
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Community Answer
Per capita incomes of countries for international comparison are expre...
Dollars
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Per capita incomes of countries for international comparison are expressed in :a)Rupeesb)Dollarsc)Poundsd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Per capita incomes of countries for international comparison are expressed in :a)Rupeesb)Dollarsc)Poundsd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Per capita incomes of countries for international comparison are expressed in :a)Rupeesb)Dollarsc)Poundsd)None of the aboveCorrect answer is option 'B'. Can you explain this answer?.
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