national income & human development index section 2 Practice Questions Answers Test with Solutions & More Shortcuts

Answer: (b)

Per capita income is obtained by dividing national income by the total population of the country per capita income, also known as income per person, is the mean income of the people in a country.

It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income) and dividing it by the total population.

Answer: (a)

Per capita income, also known as income per person, is the mean income of the people in an economic unit such as a country. Per capita income is often used to measure a country’s standard of living.

Poverty Ratio: Ratio of the number of people whose income falls below poverty sine, taken as half the median household income of the total population.

National Income: Total amount of money earned within a country.

Unemployment rate: It is defined most basically as the percentage of the total labour force that is unemployed but actively seeking employment and willing to work.

Answer: (a)

Answer: (d)

Answer: (d)

The labour force of an economy is known as the activity rate (also called the participation rate).

It is shown in per cent and always as a proportion of an economy. The concept of the ‘demographic dividend’ is related to this rate.