Economics · National Income
Consider the following statements regarding Gross State Domestic Product (GSDP) and State-level economic growth: Statement I: A State recording a GSDP growth rate higher than the national GDP growth rate necessarily experiences faster improvement in its per capita income compared to the national average. Statement II: Per capita income growth depends not only on the growth of GSDP at constant prices but also on population growth and the sectoral composition of the State economy. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I is incorrect, but Statement II is correct.✓
- 2Statement I is correct, but Statement II is incorrect.
- 3Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I.
- 4Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.
Correct answer
Statement I is incorrect, but Statement II is correct.
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