What is a nation's "Per Capita" Income?
a) It is the income earned per person on an average in the economy.
b) It is GDP/Population size
c) It is National Income/no. of employed people
d) It is National Income/population size
Answer & explanation
Correct answer: option 4
A country's per capita income is the measure of the amount of money earned per person in a nation. It is calculated as: National income/ population size.