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Question
Per capita income can be alternatively called as which of the following?
Per capita income can be alternatively called as which of the following?
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Solution
The correct option is C Average income
Per capita income refers to the amount of money or income earned by per person in a country. It can be obtained by dividing the total income of the country by the its total population. Thus, it can be called as the average income of the country.
Per capita income refers to the amount of money or income earned by per person in a country. It can be obtained by dividing the total income of the country by the its total population. Thus, it can be called as the average income of the country.
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