A

Admin • 833K Points
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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: 19
  • Filed under category Economic
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Explanation by: Admin

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.

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