GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Per Capital Income =
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Explanation:
Detailed explanation-1: -Per capita income is national income divided by population size. Per capita income is often used to measure a sector’s average income and compare the wealth of different populations. Per capita income is also often used to measure a country’s standard of living.
Detailed explanation-2: -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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