SSC
INDIAN ECONOMY
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 for a nation is calculated by dividing the country’s national income by its population.
Detailed explanation-2: -Per Capita Income is a metric used to determine the amount of money earned per individual in a nation or geographical area. You’ll get PCI of a specific geographical location by dividing a population’s total income by that area’s population.
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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