Economic Awareness - Sectors of Indian Economy
Which national income measure is commonly used to calculate Per Capita Income in India?
Which national income measure is commonly used to calculate Per Capita Income in India?
easy Q13 of 15
Step-by-Step Solution
Step 1: Identify the concept
The question asks which income measure is used for Per Capita Income calculation in India.Step 2: Apply knowledge
India typically uses Net National Income (NNI) at factor cost for Per Capita Income as it reflects income earned by residents after depreciation.Final Answer:
Net National Income (NNI) at factor cost → Option AQuick Check:
Per Capita Income = NNI at factor cost ÷ Population ✅
Quick Trick: Remember NNI at factor cost excludes depreciation, reflecting net income.
Common Mistakes:
- Confusing GDP or GNP with NNI for Per Capita Income calculation.
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