Question

1 per capita income is : a) income per person b) income per family c) income per earning person d) income per month ​

Answer 1

Answer:

c) income per earning person

Answer 2

Answer:

1 per capita income is (c) income per earning person.

Explanation:

Per capita income is defined as to determine the average value of per-person whose income for any particular areas and it also helps in evaluating the standard of living and life of the overall population.

The calculation of Per capita Income is:

Per capita income for the nation is divided by the country’s national income of its population.

Formula of per capita  income:

Per capita income = Total Income of Area/ Total population

• Uses of per capita income:

1) They are used to measure the average income of the sector.

2) They are used to compare the different wealth of the populations.

Therefore, 1 per capita income is used to find income per earning person.

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