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Question

Average income of a person is defined as ______.

A
national income
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B
gross national product
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C
net national product
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D
per capita income
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Solution

The correct option is C per capita income

Per capita income or average income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population.


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