Question
Per capita income is obtained by dividing national income by
Answer: Option B
Answer: (b)
Per capita income is obtained by dividing national income by the total population of the country per capita income, also known as income per person, is the mean income of the people in a country.
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.
Was this answer helpful ?
Answer: (b)
Per capita income is obtained by dividing national income by the total population of the country per capita income, also known as income per person, is the mean income of the people in a country.
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.
Was this answer helpful ?
More Questions on This Topic :
Question 6. GDP at factor cost is
....
Question 8. It will be true to classify India as
....
Question 10. GDP is defined as the value of all
....
Latest Videos
Latest Test Papers
Submit Solution