Answer: The correct answer is option (D) – Rs 6,000/-
Using the formula of average:
(4000+7000+3000+X) / 4 = 5000
We get, X = Rs 6,000/-
- Per capita income is nothing but the average income.
- The criterion used in classifying countries is the per capita income of a nation. This criterion is used by the World Bank in its World Development Reports.