Given below are two statements: Statement I: Per-capita income is not sufficient to measure the development. Statement II: Per-capita income is defined as total population divided by total income. In the light of the above statements, choose the correct answer from the options given below:

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Economics · National Income Concepts

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Statement I is true but Statement II is false.

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Answer 1

Statement I is false but Statement II is true.

Answer 2

Statement I is true but Statement II is false.

Answer 3

Both Statement I and Statement II are false.

Answer 4

Both Statement I and Statement II are true.

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