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Mukul Gupta

· started a discussion

· 1 Months ago

.. (Question: 200755.0 )

Answer should be option d

Question:
Per Capita Income =
Options:
A)
B)
C)
D)
Solution:
Ans:(d) 

Knowledge Expert

· commented

· 1 Months ago

Dear student

Yes you are right.
Per capita income, also known as income per person, is the mean income of the people in an economic unit such as a country or city. It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income) and dividing it by the total population.

pci = i/P
Where:
pci = per capita income
i = total personal income or Total National Income
P = total population

Team Top Rankers

Knowledge Expert

· commented

· 1 Months ago

Dear student

Yes you are right.
Per capita income, also known as income per person, is the mean income of the people in an economic unit such as a country or city. It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income) and dividing it by the total population.

pci = i/P
Where:
pci = per capita income
i = total personal income or Total National Income
P = total population

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