Question

In country X, there are five people namely, A, B, C, D, and E. Their annual incomes are Rs. 1,00,000, Rs. 5,00,000, Rs. 3,50,000, Rs. 2,30,000, and Rs. 1,75,000 respectively.

Calculate the per capita income of country X.

• A. Rs. 13,55,000
• B. Rs. 5,00,000
• C. Rs. 1,00,000
• D. Rs. 2,71,000

Answer 1

The correct option is D Rs. 2,71,000

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Per capita income is obtained by dividing the total income of the country by the country’s population. It is also known as the average income of a country.


Per capita income
= Rs. (1,00,000 + 5,00,000 + 3,50,000 + 2,30,000 + 1,75,000)/5
= Rs. 13,55,000/5
= Rs. 2,71,000