Question : Per Capita income is equal to
Option 1:
Option 2: National Income + Population
Option 3: National Income - Population
Option 4: National Income x Population
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Correct Answer:
Solution : The Correct Answer is National Income / Total Population of the Country.
The mean income calculated for each man, woman, and child in a given group, including those residing in communal housing, is known as per capita income. A country's per capita income is determined by dividing its national income by its population. It reflects the standard of living of the populace and can be used to contrast the economic situations of different nations. The amount of money made per person in a given area is known as the per capita income.
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