Economics · National Income and Inequality Indicators
Consider the following statements regarding economic indicators: 1. Per Capita Income is calculated by dividing National Income by total population, serving as an indicator of average standard of living. 2. India's Per Capita Income at current prices exceeded 2,00,000 rupees for the first time in the 2023-2024 financial year. 3. The Gini Coefficient measures income or wealth inequality, where a value of 0 represents perfect equality. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only Statement 3 is correct.
- 2Only Statements 1 and 2 are correct.
- 3Only Statements 1 and 3 are correct.
- 4All statements 1, 2, and 3 are correct.✓
Correct answer
All statements 1, 2, and 3 are correct.
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