GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The best indicator of economic development of any country is?
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Its agriculture
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Its transport
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Its gross production
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Its per capita income
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Explanation:
Detailed explanation-1: -Per capita income or average income measures the average income earned per person in a given area in a specified year. It is calculated by dividing the area’s total income by its total population. Conventionally, per capita income is used as an index of development.
Detailed explanation-2: -1. GDP. The gross domestic product, or GDP, of an economy provides the overall value of the goods and services that economy produces and indicates whether it is growing or slowing.
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