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Question

National income of a country divided by its total population is known as______.

A
Gross Domestic Product
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B
Per Capita Income
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C
Net Domestic product
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D
Depreciation
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Solution

The correct option is B Per Capita Income
  • Per capita income is the total income (National Income) of the country divided by the total number of people in that country.
  • Per capita income is the main criterion used by the World Bank in classifying different countries.

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