Question

Average income of a country is _____.

• A. Total population / Total income
• B. Total income / Total population
• C. Total income x Total population
• D. Total income = Total population

Answer 1

The correct option is B Total income / Total population

• Average income or per capita income is the total income of the country divided by the number of people in that country.
• Per capita income is the main criterion used by the World Bank in classifying different countries.