What is obtained by dividing the total income of a country by its population?

National income

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Gross domestic product

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Average income

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Total income of the state

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Solution

The correct option is C Average income
The average income is obtained by dividing the total income of a country by its population. Average income is also called per capita income. Per capita income refers to money or income earned per person in a region or state. Per capita income can sometimes be misleading because wealth is unequally distributed.

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Per capita income is obtained by dividing which of the following with total population ___________.

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