Question

What is the primary definition of per capita income?

• A. The aggregate total income generated by all economic activities within a country.
• B. The average income earned by each household in a nation.
• C. The gross domestic product (GDP) divided by the number of employed individuals.
• D. The total income of a country or region divided by its total population.

Answer 1

Answer:

D. The total income of a country or region divided by its total population.

• Per capita income is a measure of the average income earned per person in a given area.

• It's calculated by dividing the total income of that area by its total population.