Question

Which of the following is the most important component for comparing different countries ?
1) Population
2) Income
3) Per capita income
4) Resources

Answer 1

Explanation:

per capita income

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Answer 2

The correct answer is OPTION 3: Per capita Income.

• Per capita income measures the amount of money earned per person in a country or region.
• Per capita income can be used to compute a region's average per-person income as well as to measure the population's standard of living and quality of life.
• Per capita income in a country is computed by dividing national income by population.
• When determining per capita income, every man, woman, and child, including newborns, is considered a member of the population.
• This contrasts with other common measurements of an area's prosperity, such as household income, which counts all persons residing under one roof as a household, and family income, which considers those connected by birth, marriage, or adoption who reside under the same roof as a family.