BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Only 1
|
|
|
Only 2
|
|
|
Both 1 and 2
|
|
|
Neither 1 nor 2
|
Detailed explanation-1: -The most appropriate measure of a country’s economic growth is its Per Capita Real Income.
Detailed explanation-2: -The most appropriate measure of a country’s economic growth is its per capita real income. Per capita income is average income, a measure of the wealth of the population of a nation. It is used to measure a country’s standard of living thus a better indicator of economic growth.
Detailed explanation-3: -The correct answer is Per Capita Product (PCP). The gross domestic product per capita, or GDP per capita, is a measure of a country’s economic output that accounts for its number of people.
Detailed explanation-4: -Gross Domestic Product which measures the monetary value of final goods and services-that is, those that are bought by the final user-produced in a country in a given period of time is the most appropriate method to measure the economic growth of a country.