Question
Which of the following results by dividing national income by size of population ?
Answer: Option D
Answer: (d)
Per capita income or average income or income per person is a measure of 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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Answer: (d)
Per capita income or average income or income per person is a measure of 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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