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Can you explain the answer of this question below:
Practice Quiz or MCQ (Multiple Choice Questions) with solutions are available for Practice, which would help you prepare for chapter Development, Class 10, SST. You can practice these practice quizzes as per your speed and improvise the topic.
Q.
The total income of the country divided by its total population is Called:
- A:National income
- B:Per capital income
- C:Total income
- D:None of these
The answer is B.
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Verified Answer
Can you explain the answer of this question below:Practice Quiz or MCQ...
Per capita income or average income measures the average income (earned and unearned) per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population.
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Most Upvoted Answer
Can you explain the answer of this question below:Practice Quiz or MCQ...
Per capita income refers to the average income earned per person in a given area or country. It is calculated by dividing the total income of the country by its total population. This provides an idea of the economic well-being of the individuals living in the country.
Explanation:
- National income is the total income earned by a country's residents, including individuals, businesses, and government entities.
- Total income refers to the sum of all incomes earned by individuals, businesses, and government entities in a given area or country.
- Per capita income is an important economic indicator as it gives an idea of the average income earned per person in a country.
- Per capita income is calculated by dividing the total income of the country by its total population.
- The per capita income of a country is a useful indicator of the standard of living of its residents.
- It helps in comparing the economic well-being of different countries and regions.
- Per capita income is used by policymakers to understand the economic conditions of a country and to formulate policies to improve the standard of living of its citizens.
In conclusion, per capita income is an important economic indicator that provides an idea of the average income earned per person in a country. It is calculated by dividing the total income of the country by its total population. It helps in understanding the economic well-being of the individuals living in the country and is used by policymakers to formulate policies to improve the standard of living of the citizens.
Explanation:
- National income is the total income earned by a country's residents, including individuals, businesses, and government entities.
- Total income refers to the sum of all incomes earned by individuals, businesses, and government entities in a given area or country.
- Per capita income is an important economic indicator as it gives an idea of the average income earned per person in a country.
- Per capita income is calculated by dividing the total income of the country by its total population.
- The per capita income of a country is a useful indicator of the standard of living of its residents.
- It helps in comparing the economic well-being of different countries and regions.
- Per capita income is used by policymakers to understand the economic conditions of a country and to formulate policies to improve the standard of living of its citizens.
In conclusion, per capita income is an important economic indicator that provides an idea of the average income earned per person in a country. It is calculated by dividing the total income of the country by its total population. It helps in understanding the economic well-being of the individuals living in the country and is used by policymakers to formulate policies to improve the standard of living of the citizens.
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Community Answer
Can you explain the answer of this question below:Practice Quiz or MCQ...
Answer is B. per capital income. Avg income of each person in a country.
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Can you explain the answer of this question below:Practice Quiz or MCQ (Multiple Choice Questions) with solutions are available for Practice, which would help you prepare for chapter Development, Class 10, SST. You can practice these practice quizzes as per your speed and improvise the topic.Q.The total income of the country divided by its total population is Called:A:National incomeB:Per capital incomeC:Total incomeD:None of theseThe answer is B.
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Solutions for Can you explain the answer of this question below:Practice Quiz or MCQ (Multiple Choice Questions) with solutions are available for Practice, which would help you prepare for chapter Development, Class 10, SST. You can practice these practice quizzes as per your speed and improvise the topic.Q.The total income of the country divided by its total population is Called:A:National incomeB:Per capital incomeC:Total incomeD:None of theseThe answer is B. in English & in Hindi are available as part of our courses for Class 10.
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