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In Developing country like India, which of the following affects poverty line the most?
Level of Prices of commodities
Volume of Production of goods and services
Per capita income of general population
Quantum of export and Import
In India, Per capita Income affects the poverty line most. Per capita income, also known as income per person, is the mean income of the people in an economic unit such as a country or city. It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income) and dividing it by the total population.
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