Question

If total income of country B = Rs 1200000 US $ and it’s population = 300000.
Calculate the per capita income of country B.​

Answer 1

Given :

• Total income of country B = 1,200,000 US $
• Population = 300, 000

To find :

• Per capita income

Solution:

The per capita income is given by formula:

$\boxed{\sf Per\ capita\ income\ = \dfrac{Total\ income\ of\ the\ country}{Total\ population\ of\ the\ country}}$

$= \tt \dfrac{1200000}{300000}$

= 4 $

Hence , the per capita income of the country is 4$ .

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• Per capita income , also called average income , is the income of an average person in a country . It is found by dividing the total income of the country by the total population of that country .

• Per capita income includes one of the major aspects of development along with education and health care .

• More the value of per capita income , more developed will be the country .

• However , using per capita income as the only criteria of development is not wise because there is unequal distribution of wealth and population.