A measure of national income used as comparison of standard of living among nations is...
ECONOMICS
JAMB 2013
A measure of national income used as comparison of standard of living among nations is
- A. net national product
- B. gross domestic product
- C. gross national product
- D. per capita income
Correct Answer: D. per capita income
Explanation
Per capita income is a measure of the amount of income earned per person in a nation or geographical region. It is used to measure the national income of a country. The national income is then used to ascertain the standard of living. The higher the per capital income, the higher the standard of living and development of a region.
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