Question

What is the most accurate formula to calculate per capita income?

• A. Total Population / Total Income
• B. Gross Domestic Product (GDP) / Total Population
• C. Total Income/ Total Population
• D. Total National Expenditure / Total Population

Answer 1

Answer:

C. Total Income/ Total Population

• Per capita income is simply the total income of a region divided by the number of people in that region, providing an average value.