Which of the following is correct ........

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Which of the following is correct ?

If national income rises, per capita income must also rise.

If population rises, per capita income must fall.

If national income rises, welfare of the people must rise

None of the above.

Explanation:

- Option 1: The statement is not necessarily true. While national income rising indicates economic growth, if the population grows at a faster rate, per capita income might not increase.

- Option 2: This isn't always true. Per capita income is national income divided by the population. If both rise proportionately, per capita income can remain unchanged or even increase.

- Option 3: A rise in national income doesn't guarantee improved welfare. Income distribution, inflation, and other factors also impact welfare.

- Option 4: If none of the above statements are always true, this would be the most accurate choice.

Option 4: None of the above.