Single Answer MCQ
Q-00045284
What does it indicate when a country's per capita income is increasing over time?
1
All sectors are improving equally
2
The economy is growing
3
Income disparity is decreasing
4
Population is shrinking
Answer and Solution
Answer
B. The economy is growing
Solution:
An increasing per capita income generally indicates economic growth, but it does not necessarily mean that all sectors or populations are benefitting equally.
Watch Video Solution