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JAMB Economics 1982 Question 32

Question 32

National Income

A good measure of the standard of living usually used for international comparison is

  1. A.gross national income (GNI)
  2. B.net national income (NNI)
  3. C.gross national product (GNP)
  4. D.gross domestic product (GDP)
  5. E.per capita income (PCI).
Show the answer and explanation

Answer: E (per capita income (PCI).)

Explanation

Per capita income divides national income by population, so it allows fair comparison between countries of different sizes.