Economics · National Income
What is meant by the term 'Per Capita Income'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Total savings accumulated by a person in a fiscal year
- 2Average income earned specifically by farmers
- 3Total income generated from foreign trade
- 4Total income of a country divided by its total population✓
Correct answer
Total income of a country divided by its total population
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