If there are 90 families and their total income is 90,000 the per capita income
of each family would be
Answers
Per capita income is the total income of the country/state divided by the number of people in that country/state.
Here total four families. The average per capita income (5000) is equal to (4000+7000+3000+x) / 4
Income of fourth family is Rs. 20,000 - Rs. 14,000 = Rs. 6,000.
Answer:
Per capita of Income each family = Rs. 1000
Explanation:
Per Capita Income:
- Per capita income can be thought of as an economic barometer that measures the income earned by a person within a given set of monetary units, such as a geographic region, province, country, city, area, sector, etc. in a specific period, e.g., during a year.
- It typically aims to determine the average income earned by a person to evaluate the standard of living of a group of people living within that geographical region during that specific period.
Given,
No. of families = 90
Total income of the families = 90,000
Per capita Income of each family = Total income of families/No. of families
= 90,000/90
= 1000
Hence, Per capita of Income each family = Rs. 1000
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