JAMB Economics 2008 Objective — Question 34

Question 34 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2008 Objective paper, with the correct answer and a full explanation.

A good indicator of economic development is an increase in

A. gross national product
B. per capita income
C. real national income
D. real per capita incomeCorrect

Explanation

Real per capital income is a better measure because it takes inflation as well as population into consideration. Ordinary per capital income does not account for price changes.

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