A good measure of economic welfare in an economy is —

CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · December 2013
A good measure of economic welfare in an economy is —
(A) An increase in nominal GDP
(B) An increase in real GDP
(C) An increase in real per capita income
(D) An increase in supply of money and ATM cards.

Answer & Explanation:

Correct Answer: Option (C)

Correct answer: (C) An increase in real per capita income.

Topics: Business Economics

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