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JAMB Economics 1993 Question 41

Question 41

National Income

The best index for international comparison of standards of living is the

  1. A.gross national product
  2. B.net national income
  3. C.per capita income
  4. D.gross national income
Show the answer and explanation

Answer: C (per capita income)

Explanation

Income per head takes account of population size, so it compares living standards better than total national income.