Question

There are three people in country Y named Paul, Querishi, and Roy. Their annual incomes are Rs. 20,000, Rs. 10,000, Rs. 70,000 respectively. Calculate the per capita income of country Y.

• A. Rs. 1,81,000
• B. Rs. 1,00,000
• C. Rs. 20,000
• D. Rs. 33,333

Answer 1

The correct option is D Rs. 33,333

Per capita income: The average income earned per person in a specific location (city, region, country, etc.) in a given year is measured by per capita income. A country's per capita income is calculated by dividing its total income by its total population.

The mathematical expression of per capita income:

Per capita income =

$\frac{Nationalincome}{Totalpopulation}$

Therefore,

Per capita income =

$\frac{Rs.(20,000+10,000+70,000)}{3}$

= $\frac{Rs.1,00,000}{3}$

= Rs. 33,333