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JAMB Economics 2013 Question 26

Question 26

National Income

A measure of national income used as a comparison of standard of living among nations is

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

Answer: D (per capita income.)

Explanation

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