Question

Which of the given equation is incorrect?
i) Total Income= Per Capita Income X Total Population
ii) Per Capita Income= Total Income/ Total Population
iii) Per Capita Income= Total Income X Total Population
iv) Total Population= Total income/Per capita Income

Answer 1

Answer:

per Capita Income=total Income÷total population

Answer 2

The correct equation is 'ii. Per Capita Income= Total Income/ Total Population.'

• Per capita income refers to the average income of the individuals of a particular place measured over a particular period.

• Per capita income is calculated by dividing the entire income of the nation by the population of the entire nation.

• In options I, iii, and iv, the equations are given wrong. Thus, they are not the answer.