Question

1) Which of the following statements about per capita income is correct? (a) It is used to measure the economic goals of a country (b) It is used to compare the populations of different countries. (c) It is used to compare the economies of different countries by the World Bank. (d) It is used to measure inequality among different social groups in a country.




choose the correct option.​

Answer 1

it is used to compare the population of different countries

Answer 2

Per- Capita Income (PCI) is mainly use to make comparison of the economies of different countries by the World Bank.

Explanation:

• PCI or “avg. income” is the computation of average income of each person in a specific country or an area within a definitive time period.
• It is generally used to compare the economic indicators of countries with various population sizes.
• GDP and Income are the most generally measured economic indicators that make use of this concept of PCI.

• PCI = $\frac{Total Income}{Total Population}$    
• Hence, (c) is the correct option.