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Economy question from FAA exam, 2022 by JKSSB

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

Last updated May 15, 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.
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JKSSB FAA 2022

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Exam JKSSB
Recruitment FAA
Year 2022
Subject Economy
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