How can economic policies impact the average income in a country?

By increasing total population

By influencing job creation and investment

By limiting exports only

By focusing solely on agriculture

Previous Question Next Question

Reviewed & Verified by Edzy Expert

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

B. By influencing job creation and investment

Solution:

Economic policies can stimulate job creation and attract investment, positively impacting the overall average income through improved economic activity.

Watch Video Solution

Keep Practising

Students who asked this also explored

Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

What is a commonly used measure to compare the economic development of countries?

Single Answer MCQ

View explanation

Which of the following defines 'per capita income'?

Single Answer MCQ

View explanation

Which aspect is often used alongside per capita income for a more accurate comparison of development?

Single Answer MCQ

View explanation

Why is total income not a useful measure for comparing the economic status of countries?

Single Answer MCQ

View explanation