Question

    Per Capita income is calculated by dividing National Income

    by:
    A Total Population of the country Correct Answer Incorrect Answer
    B Total working population Correct Answer Incorrect Answer
    C Area of the country Correct Answer Incorrect Answer
    D Volume of the capital used Correct Answer Incorrect Answer

    Solution

    Per capita income is calculated by dividing the national income by the total population of a country. This economic indicator represents the mean income per person and provides a measure of the average standard of living. It is derived by taking the aggregate of all income sources (such as GDP or Gross National Income) and dividing by the total number of individuals in the population, not just the working population or other factors.

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