Description : The hypothesis that rapid growth of per capita income will be associated with a reduction in poverty is called - (1) trickle down Hypothesis (2) trickle up hypothesis (3) U shaped hypothesis (4) poverty estimation hypothesis
Last Answer : (1) trickle down Hypothesis Explanation: According to the trickle down hypothesis the rapid growth of per capita income will be associated with a reduction in poverty. In India, this ... institution reform will reduce the incidence of poverty in the context of agricultural development in India.
Description : ……………. States that rapid growth of per capita income will be associated with a reduction in poverty. (a) The trickle down theory ; (b) Multiplier theory ; (c) Malthus population theory ; (d) None
Last Answer : (a) The trickle down theory ;
Description : The term 'Green GNP' emphasises - (1) rapid growth of GNP (2) increase in per capita income (3) economic development (4) sustainable development
Last Answer : (4) sustainable development Explanation: The gross national product (GNP) measures the welfare of a nation's economy through the aggregate of products and services produced in that nation, Although ... national product that would indicate if activities benefit or harm the economy and well-being.
Description : The term ‘Green GNP’ emphasises (1) rapid growth of GNP (2) increase in per capita income (3) economic development (4) sustainable development
Last Answer : sustainable development
Description : The standard of living in a country is represented by its: (1) poverty ratio (2) per capita income (3) national income (4) unemployment rate
Last Answer : (2) per capita income Explanation: Per capita income or average income or income per person is the mean income within an economic aggregate, such as a county or city. It is calculated by taking a ... not a good standard of measuring standard of living as it is income of one person of the country.
Last Answer : per capita income
Description : Rate of growth of an economy is measured in term of: A. National Income B. Per Capita Income C. Number of people who have been lifted above the poverty line D. Industrial Development
Last Answer : A. National Incom
Description : Which of the following best indicates economic growth of a Nation? (1) Agriculture income (2) Per capita income (3) Gross industrial production (4) Inflation
Last Answer : (2) Per capita income Explanation: Some economists believe that economic growth is meaningless if it is not distributed across different segments of population. So per capita income is considered by ... Gross Domestic Product (GDP) is the most comprehensive measure of over-all economic performance.
Description : State which of the following is correct? The Consumer Price Index reflects - (1) the standard of living (2) the extent of inflation in the prices of consumer goods (3) the increasing per capita income (4) the growth of the economy
Last Answer : (2) the extent of inflation in the prices of consumer goods Explanation: A consumer price index (CPI) measures changes in the price level of consumer goods and services purchased by households ... , pensions, for regulating prices and for deflating monetary magnitudes to show changes in real values.
Description : The best measure to assess a country's economic growth is - (1) per capita income at constant prices (2) per capita income at current prices , (3) gross domestic product at current prices (4) gross national product at current prices
Last Answer : (1) per capita income at constant prices Explanation: Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a given period ... the aggregate (such as GDP or Gross National Income) and dividing it by the total population.
Description : Which of the following explains the term economic growth? a. Increase in per capita production b. Increase in per capita real income c. structural change in the economy d. all the above are right
Last Answer : d. all the above are right There is no single definition that can define the term economic growth. However, there are various indicators that explain the term
Description : State which of the following is correct ? The Consumer Price Index reflects : (1) the standard of living (2) the extent of inflation in the prices of consumer goods (3) the increasing per capita income (4) the growth of the economy
Last Answer : the extent of inflation in the prices of consumer goods
Last Answer : Per capita income
Description : The best measure to assess a country’s economic growth is (1) per capita income at constant prices (2) per capita income at current prices (3) gross domestic product at current prices (4) gross national product at current prices
Last Answer : per capita income at constant prices
Description : Poverty line is expressed in terms of an overall _______ A. Per capita Income B. Per Capita consumption expenditure C. Per Capita entertainment expenditure D. Per Capita development expenditure E. Per Capita GDP
Last Answer : B. Per Capita consumption expenditure Explanation: In India consumption-expenditure has been made the basis for the measurement of the minimum standard. The usual method is to fix a poverty level. This level is expressed in terms of an overall per capita consumption-expenditure.
Description : What is the problem with poverty estimation through the income and consumption method? -Economics 9th
Last Answer : No, the present methodology of poverty estimation is not appropriate because it takes into account only the basic needs of food, clothing, fuel etc. But the quality of these basic necessities is the lowest quality available.
Description : Countries with per capita income of US$ per annum and above in 2017, are called rich countries? a. 12,126 b. 11246 c. 12056 d. 10056
Last Answer : c. 12056
Description : Countries with per capita income of US$per annum and above in 2017, are called rich countries? a. 12,126 b. 11246 c. 12056 d. 10056
Description : Which of the following results by dividing national income by size of population? (1) Per capita income (2) Subsistence level (3) Subsistence expenditure- (4) Per capita production
Last Answer : (1) Per capita income Explanation: Per capita income or average income or income per person is a measure of mean income within an economic aggregate, such as a country or city. It is calculated by ... in the aggregate (such as GDP or Gross National Income) and dividing it by the total population.
Description : Gross National Product - Depreciation Allowance =? (1) Per Capita Income (2) Gross Domestic Product (3) Personal Income (4) Net National Product
Last Answer : (4) Net National Product Explanation: Net National product (NNP) is Gross National Product minus a depreciation allowance for the wearing out of machines and buildings during the period. In other words, NNP= ... Since NNP counts only the net additions to the nation's stock, it is less than GNP.
Description : An individual's actual standard of living can be assessed by - (1) Gross National Income (2) Net National Income (3) Per Capita Income (4) Disposable Personal Income
Last Answer : (3) Per Capita Income Explanation: The standard of living is a measure of the material welfare of the inhabitants of a country. The baseline measure of the standard of living is real ... GDP increases a nation's standard of living providing that output rises faster than the total population.
Description : A rising Per Capita Income will indicate a better welfare if it is accompanied by - (1) unchanged Income distribution overall. (2) changed Income distribution in favour of rich. (3) changed Income distribution in favour of poor. (4) changed Income disribution in favour of Industrial Labour.
Last Answer : (3) changed Income distribution in favour of poor. Explanation: Per capita income has lately been viewed as a better determinant of economic development and welfare. However, high inequality can still ... no quarters deprived as after all, economic welfare is a part and parcel of social welfare.
Description : Savings rate is relatively low in developed economies because of - (1) Low per capita income (2) Welfare programmes (3) Liquidity/ Borrowing constraint (4) High interest rate
Last Answer : (2) Welfare programmes Explanation: As a general rule, saving is considered as a derivative of consumption. Developed economies have lower saving rates than developing countries because ... generations raises national consumption and lowers national saving (The Concise Encyclopedia of Economics).
Description : The supply of labour in the economy depends on - (1) Population (2) National income (3) Per capita income (4) Natural resources
Last Answer : (1) Population Explanation: The supply curve for labor depends on variables such as population, wage rates, etc. in developing countries, the vast population base explains the relatively lower wage ... accessibility to labour supply. This is just the opposite in the case of developed countries.
Description : Which is the parameter for the economic development? (1) Per capita monetary income (2) National income (3) Per capita rural income (4) Population
Last Answer : (1) Per capita monetary income Explanation: A majority of economists such as Simon Kuznets, Meter and Baldwin, Hicks D. Samuelson, Pigeon and others consider national income as the most suitable ... economic growth is meaningless if it does not improve the standard of living of the common masses.
Description : Which of the following is a better measurement of Economic Development? (1) GDP (2) Disposable income (3) NNP (4) Per capita income
Last Answer : (4) Per capita income Explanation: Per capita income or average income or income per person is the mean income within an economic aggregate, such as a country or city. It is calculated by taking a ... individuals and nation. Besides, it helps to show the level of inequality in a society or country.
Description : Economic progress of a country is determined by - (1) Increase in per capita income of people of country (2) Increase in the price of produced capital goods during the year (3) Increased numbers of Trade Unions (4) Fall in the general price level of a country
Last Answer : (1) Increase in per capita income of people of country Explanation: Economic progress of a country is determined by increase in per capita income of people f that country.
Description : Which of the following is not required while computing Gross National Product (GNP)? (1) Net foreign investment (2) Private investment (3) Per capita income of citizens (4) Purchase of goods by government
Last Answer : (3) Per capita income of citizens Explanation: Gross National Product (GNP) is the market value of all products and services produced in one year by labour and property supplied by the ... measures the value of goods and services that the country's citizens produced regardless of their location.
Description : The total value of goods and services produced in a country during a given period is - (1) Disposable income (2) National income (3) Per capita income (4) Net national income
Last Answer : (2) National income Explanation: National income is the total value a country's final output of all new goods and services produced in one year. Understanding how national income is created is the starting point for macroeconomics.
Description : From the national point of view, which of the following indicates micro approach? (1) Study of sales of mobile phones by BSNL (2) Unemployement among Women (3) Per capita income in India (4) Inflation in India
Last Answer : (1) Study of sales of mobile phones by BSNL Explanation: Macroeconomics is a branch of economics in which a variety of economy-wide phenomena is thoroughly examined such as, inflation, price levels, rate ... and firms. So the study of sales of mobile phones by BSN I, comes under microeconomics.
Description : The picture above explains a. we cannot take national income as indicator for development. b. per capita income is better measure for development. c. average income hide disparities. d. none of the above
Last Answer : c. average income hide disparities.
Description : Assertion(A): Per capita Income is not a useful criterion and should not be used as measure of development. Reason( R) :Kerala with lower per capita income has a better human development ranking than Haryana. a) Both A ... of A. c) A is correct but R is wrong. d) A is wrong but R is correct.
Last Answer : b) Both A and R are true and R is the not correct explanation of A.
Description : While making comparative study of development amongst Indian states following criterion is used: a. per capita income and literacy rate b. Literacy rate, per capita income and net attendance ratio. c. ... rate d. per capita income, literacy rate , net attendance ratio and infant mortality rate.
Last Answer : d. per capita income, literacy rate , net attendance ratio and infant mortality rate.
Description : Per capita income of is higher where as human development index of a. Maharashtra, Kerala b. Kerala, Maharashtra c. both are correct. d. both are incorrect.
Last Answer : a. Maharashtra, Kerala
Description : While making comparative study of development amongst Indian states following criterion is used: a. per capita income and literacy rate b. Literacy rate, per capita income and net attendance ratio. c. ... rate d. per capita income ,literacy rate , net attendance ratio and infant mortality rate.
Last Answer : d. per capita income ,literacy rate , net attendance ratio and infant mortality rate.
Description : Per capita income of is better. a. Maharashtra, Kerala b. Kerala, Maharashtra c. both are correct. d. both are incorrect.
Description : Per capita income is calculated by dividing total national income by (a) Total population (b) Total savings © Total depreciation (d) Total investment.
Last Answer : (a) Total population
Description : Which state in India now has the highest per capita income? (a) Goa (b) Delhi © Punjab (d) Kerala.
Last Answer : (a) Goa
Description : What base year is used to calculate per capita income in India? (a) 2004-05 (b) 2011-12 © 2001-02 (d) 2014-15
Last Answer : (b) 2011-12
Description : Which is the parameter for the economic development ? (1) Per capita monetary income (2) National income (3) Per capita rural income (4) Population
Last Answer : Per capita monetary income
Description : Gross National Product – Depreciation Allowance = ? (1) Per Capita Income (2) Gross Domestic Product (3) Personal Income (4) Net National Product
Last Answer : Net National Product
Description : Savings rate is relatively low in developed economies because of (1) Low per capita income (2) Welfare programmes (3) Liquidity/Borrowing constraint (4) High interest rate
Last Answer : Welfare programmes
Description : Economic progress of a country is determined by (1) Increase in per capita income of people of country (2) Increase in the price of produced capital goods during the year (3) Increased numbers of Trade Unions (4) Fall in the general price level of a country
Last Answer : Increase in per capita income of people of country
Description : A rising Per Capita Income will indicate a better welfare if it is accompanied by (1) unchanged Income distribution overall. (2) changed Income distribution in favour of rich. (3) changed Income distribution in favour of poor. (4) changed Income disribution in favour of Industrial Labour.
Last Answer : changed Income distribution in favour of poor.
Description : The total value of goods and services produced in a country during a given period is (1) Disposable income (2) National income (3) Per capita income (4) Net national income
Last Answer : National income
Description : An individual’s actual standard of living can be assessed by (1) Gross National Income (2) Net National Income (3) Per Capita Income (4) Disposable Personal Income
Last Answer : Per Capita Income
Description : Which of the following is a better measurement of Economic Development ? (1) GDP (2) Disposable income (3) NNP (4) Per capita income
Description : Which of the following results by dividing national income by size of population ? (1) Per capita income (2) Subsistence level (3) Subsistence expenditure (4) Per capita production
Description : Which of the following is not required while computing Gross National Product (GNP) ? (1) Net foreign investment (2) Private investment (3) Per capita income of citizens (4) Purchase of goods by government
Last Answer : Per capita income of citizens
Last Answer : Study of sales of mobile phones by BSNL