Question

Total income of the country divided by its total population is known as

Answer 1

Answer:

per capita income

Explanation:

its the average income of a country.

used for comparing the economic strength of a Nation

Answer 2

The total income of any country, divided by its total population is referred to as per capita income.

• The amount of money made per person in a country or region is expressed as per capita income.
• The average per-person income for a region can be calculated using per capita income, which can also be used to assess the population's standard of living and quality of life.
• A country's per capita income is determined by dividing its national income by its population.
• Each adult, child, and even a newborn are included in the calculation of per capita income.
• Income per capita is most frequently used to assess a region's prosperity or lack thereof.
• The affordability of a place can also be determined by looking at per capita income.
• It can be used in conjunction with the information on property prices, for example, to establish whether typical dwellings are out of the price range of the typical family.

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