NCERT · Class 10 · Social Science · Economics: DevelopmentWhat is the definition of Economic Development in terms of per capita income?
Step-by-Step Solution
Per capita income is calculated by dividing the total income of a country by its total population. It helps in comparing the average living standards of people in different countries.
Detailed Options Breakdown
Option : Total income divided by total population (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 1: Total population divided by total income
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Development.
Option 2: National income minus total expenditure
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Development.
Option 3: Total savings of all households
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Development.
💡 Study Guide: This question tests core syllabus concepts from Economics: Development. For formulas, key summaries, and mock exam reference guides, read the full Economics: Development Revision Notes.