JAMB Economics 2021 Objective — Question 17
Question 17 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2021 Objective paper, with the correct answer and a full explanation.
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In comparing the standard of living, which of the following is most useful a. National income b. Return on Investment c. Rate of inflation d. Per capita
- A. National income
- B. Return on Investment
- C. Rate of inflation
- D. Per capitaCorrect
Explanation
Per capita income (income per head of population) is the standard measure for comparing living standards/economic performance across populations of different sizes.
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