Economics · National Income
Which of the following correctly defines the term 'Per Capita Income'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1National income divided by the total geographical land area
- 2Total national income divided by the total population of the country✓
- 3Overall rate of inflation divided by headcount
- 4Total population divided by total national income
Correct answer
Total national income divided by the total population of the country
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