SarkariPYQ

SSC CHSL 2022 PYQ — Question 45

SSC CHSL - 30 May 2022 - Shift 2 • General Awareness • Q45

Back to paper

Which of the following angles of the flow of factor payments forms the basis to estimate the national income?

Show answer & explanation

Correct answer: C

Explanation

The correct answer is Option 3 i.e. Income distribution angle.

  • The macroeconomic variables that are found to be associated with an improvement in income distribution are higher growth rate, higher income level, higher investment rate, real depreciation (especially for low-income countries), and improvement in terms of trade.

  • The distribution of income within a country is very important, since it affects the social and political stability, among others, by determining the poverty level for any given GDP level.