A measure of national income used as comparison of standard of living among nations is?

A. net national product
B. gross domestic product
C. gross national product
D. per capita income

Correct Answer:

Option D – per capita income

Explanation

Per capita income is a measure of the amount of income earned per person in a nation or geographical region. It is used to measure the national income of a country. The national income is then used to ascertain the standard of living. The higher the per capital income, the higher the standard of living and development of a region.