Apply Now Student Hub Feedback
Economy question from FAA exam, 2022 by JKSSB

To determine economic growth, the GDP is compared to the population, also known as___________.

Last updated Jun 29, 2026
Correct Answer: Option D — per capita income
Why Per Capita Income is Important
Standard of Living: It provides a rough estimate of the purchasing power available to the average citizen.

Global Comparisons: It allows organizations like the World Bank to classify countries as Low, Middle, or High-income economies.

Policy Planning: It helps governments identify if economic gains are being diluted by rapid population growth.
Answer verified by Quintessence Classes faculty — Karan Nagar, Srinagar.
Try another question from JKSSB FAA 2022 Try another question from Economy

About this question

JKSSB FAA 2022

Details

Exam JKSSB
Recruitment FAA
Year 2022
Subject Economy
View all questions from this paper

More Economy questions

From across UPSC, JKPSC, and JKSSB papers — same subject, different years.

With reference to Censure Motion, consider the following statements:i. It can be moved against an individual minister only. ii. If it is ... JKPSC JKAS 2024 Prelims · Economy What is the main objective of audit? JKSSB FAA 2022 Written · Economy With reference to Censure Motion, consider the following statements:i. It can be moved against an individual minister only. ii. If it is ... JKPSC JKAS 2024 Prelims · Economy With reference to different Committees in India, consider the following details: 1. R.N. Malhotra Committee | Comprehensive reforms of In... UPSC CSE 2026 Prelims · Economy Who made this statement: “Because of circumstances that have now come into being that it is federal or unitary, welfare states from being... JKPSC JKAS 2024 Prelims · Economy

Practice 1,596+ more PYQs interactively

Filter by subject, year, and exam in real time. Get instant feedback, detailed explanations, and track your progress.

Open practice portal