Economics · National Income and Capital
How is the 'per capita income' or 'average income' of a country calculated?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Total income of the country multiplied by its total population.
- 2Total income of the country minus the total dependent population.
- 3Total income earned by all the corporate residents of the country.
- 4Total income of the country divided by its total population.✓
Correct answer
Total income of the country divided by its total population.
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