1. Find the incorrect option.
(a) Per Capita Income (PCI) gives a better comparison between countries.
(b) It is also called Final Income.
c) PCI is calculated by dividing total income of country (GDP) by its total population.
(d) World Bank publishes World Development Report every year to compare the nations on thg
basis of Per Capita Income.
and fut
Answers
Answer:
c ) PCI is calculated by dividing total income of country (GDP) by its total population.
Answer:
PCI is calculated by dividing the total income of a country (GDP) by its total population is incorrect.
Explanation:
The amount of money made per person in a country or region is expressed as per capita income. The average per-person income for a region can be calculated using per capita income, which can also be used to assess the population's standard of living and quality of life. A country's per capita income is determined by dividing its national income by its population. Each adult, child, and even a newborn are included in the calculation of per capita income. This contrasts with other popular measures of an area's prosperity such as household income, which counts everyone living in one household, and family income, which considers everyone living in the same household who is connected to another person by birth, marriage, or adoption as a family. The affordability of a place can also be determined by looking at per capita income.
It can be used in conjunction with information on property prices, for example, to establish whether typical dwellings are out of the price range of the typical family.
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