Question

8. Suppose there are five families in a country and their income is 15 lakhs, 20 lakhs, 12 lakhs, 8 lakhs and 25 lakhs respectively. The Per Capita Income of the country is

Answer 1

Per capita Income of the given country should be Rs.16 lakhs

Explanation:

• Per capita income means "by the head" in Latin.It is quite commonly used in Economics,statistics,business to report an average per person.

• It refers to the average capital per head or per resident of a country.

• In Statistics,it is used to compare the economic indicators of countries with different population sizes.

• The most commonly used indicators that for per capita income are GDP i.e Gross Domestic Product and Income.

In the given question,Per capita income of the country can be calculated as follows:

Per capita Income =$\dfrac{15,00,000 + 20,00,000+12,00,000+8,00,000+25,00,000}{5}$

                              = Rs.16,00,000

Answer 2

${\red{\huge{\underline{\mathbb{Answer:-}}}}} \\ percapita \: income = > \\ \: \: \: \frac{1500000 + 2000000 + 1200000 + 800000 + 2500000}{5} \\ \: \: \: = Rs 1600000$

hope its help

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