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What is the primary definition of per capita income?

AThe aggregate total income generated by all economic activities within a country.

BThe average income earned by each household in a nation.

CThe gross domestic product (GDP) divided by the number of employed individuals.

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

Answer:

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

Read Explanation:

  • 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.


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