Question

If the total income of the country is divided by the total population, then the obtained total average income of an individual is known as _______.

• A. Annual income
• B. Per capita income
• C. Daily income
• D. Family income

Answer 1

The correct option is B Per capita income

Per capita income is a measure of the amount of money earned per person in a certain area. It helps us address issues like the quality of life and the living conditions we can expect for specific areas.It can be calculated for a country by dividing the country's national income by its population.