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Income as an Indicator of Development

Calculate the...

Question

Calculate the per capita income from the following information:
Income of A = ₹5,500
Income of B = ₹6,500
Income of C = ₹0

A

₹6,000

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B

₹2,000

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C

₹4,000

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D

₹3,000

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Solution

The correct option is C ₹4,000
Per capita income = Total income/Total population
= (5,500 + 6,500 + 0)/3
= 12,000/3
= ₹4,000

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Similar questions

Q. How do you calculate the per capita income of a country?

Q. Assertion (A): Per capita income is a better indicator than total income to compare the development of nations.

Reasoning (R): Per capita income addresses how income is distributed among people.

Q. Assertion (A): Per capita income cannot be considered a helpful measure to judge the welfare of the citizens.

Reason (R): Per capita income is just the average income of the country.

Q. Which of the following factors other than the total income is considered for the calculation of per capita income?

Which of the following formulae are used to calculate the per capita income?

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