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UPSC Exam  >  UPSC Questions  >  An individual’s actual standard of livi... Start Learning for Free
An individual’s actual standard of living can be assessed by            
  • a)
    Gross National Income    
  • b)
    Net National Income    
  • c)
    Per Capita Income    
  • d)
    Disposable Personal Income
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
An individual’s actual standard of living can be assessed by a...
I think it should not be C because per capita income does not tell the real picture. for example if some one is earning 300000 and other one is earning 10000 but when you will calculate the per capita income it will be 155000
so it is very clear the per capita income does not tell the real picture
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Community Answer
An individual’s actual standard of living can be assessed by a...
The correct option is C.
Per capita income is a measure of the amount of money earned per person in a nation or geographic region. Per capita income can be used to determine the average per-person income for an area and to evaluate the standard of living and quality of life of the population.
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An individual’s actual standard of living can be assessed by a)Gross National Income b)Net National Income c)Per Capita Income d)Disposable Personal IncomeCorrect answer is option 'C'. Can you explain this answer?
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