P

Priyanka Tomar • 35.28K Points
Coach Economic

Q. Per capita income is obtained by dividing National Income by

  • (A) Total working population
  • (B) Total population of the country
  • (C) Area of the country
  • (D) Volume of capital used
  • Correct Answer - Option(B)
  • Views: 477
  • Filed under category Economic
Explanation by: Priyanka Tomar
Per capita income or average income or income per person is the mean income within an economic aggregate, 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.

You must be Logged in to update hint/solution

Discusssion

Login to discuss.

Question analytics