Question

We can obtain per capita income of a country by calculating




the total income of a person


by dividing the total income by the total population of a country


the total value of all goods and services


the total exports of the country

Answer 1

Answer:

We can obtain per capita income of a country by dividing the total income by the total population of a country.

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Answer 2

In Economics,per capita income of a country can be calculated by dividing the total or overall income of the country by the total population of that particular country.Hence,the correct answer is the second option in the answer options given.

Explanation:

In Economics,per capital income of a country is usually defined as the average or mean income earned by each individual or person residing in that particular country.It is mathematically estimated by dividing the total or overall income earned by the entire population of a country by the total population of that particular country.Therefore,per capita income essentially denote the average or mean income level of the people of any particular country.