Question

if country total national income is 15000 crore and population is 10000 crore then the per capita income of the country is ​

Answer 1

Answer:

Per capita income is the average income that an individual has in an area. It is calculated by dividing the total income of the area by total population of that area. In this case, the total income given is 15,000 crore and the total population is 10,000 crore. When 15,000 is divided by 10,000 crores the result is 1.5 crores, so the average income of people living in that area is 1.5 crore.

Per capita is roughly used as a measure to calculate the prosperity of a nation. The countries with high per capita income are termed as developed and the countries with comparatively low per capita income are defined as developing or underdeveloped nations. Some of the examples of countries with high per capita income are developed nations like United States, United Kingdom, Germany, France, etc.

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