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Q. |
Which of the following results by dividing national income by size of population? |
A. | Per capita income |
B. | Subsistence level |
C. | Subsistence expenditure- |
D. | Per capita production |
Answer» A. Per capita income | |
Explanation: Per capita income or average income or income per person is a measure of mean income within an economic aggregate, such as a country or city. It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross National Income) and dividing it by the total population. |
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