GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Per Capita Income is obtained by dividing National Income by:
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Total population of the country
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Total working population
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Area of the country
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Volume of the Capital used
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Explanation:
Detailed explanation-1: -Per capita income is used to determine the average per-person income for an area and to evaluate the standard of living and quality of life of the population. Per capita income for a nation is calculated by dividing the country’s national income by its population.
Detailed explanation-2: -To calculate per capita, take the number you are interested in (e.g. a country’s GDP) and divide it by the population being analyzed.
Detailed explanation-3: -Per capita income represents the average income of an individual in a country. It reflects the people’s standard of living and can be used to compare the economic conditions of various countries.
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