Consider the following statements:
1. India’s National Income will always be higher than India’s per capita Income in a year.
2. National Income increases when there is full and optimum utilization of nation’s resources.
3. Per Capita Income increases when the rate of growth national income is greater than the rate of growth of population.
Which of the statements given above is/are correct?
1
1 only
2
1 and 2 only
3
2 and 3 only
4
More than one of the above
5
None of the above