JAMB - Economics (2013 - No. 20)
A measure of national income used as comparison of standard of living among nations is
net national product
gross domestic product
gross national product
per capita income
Explicació
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.