Level of per capita GDP depends upon which of the following?<br>1. Proportion of population in the working age<br>2. Work participation rate<br>3. Per worker productivity<br>Select the correct answer using the code given below.
- A. 3 only
- B. 1 and 3 only
- C. 1 and 2 only
- D. 1, 2 and 3 ✓
Correct Answer: D. 1, 2 and 3
Explanation
Per capita GDP represents the economic output per person. It is driven by the demographic dividend (working-age population proportion), the rate at which this population is employed (work participation rate), and their individual economic output (per worker productivity).
Related questions on Economics
- Which one among the following pairs of type of firm and feature is <strong>NOT</strong> correctly matched?
- Union Budget 2025 increased the Sectoral cap of FDI to 100 per cent from 74 per cent for:
- The practice of reducing the size of a product while maintaining its sticker price is called:
- Consider the following statements about Union Government's Expenditure on revenue account and effective capital expenditure: 1. Effective ca...
- Which one among the following statements about the Districts as Export Hubs (DEH) in India is <strong>NOT</strong> correct?