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What is per capita income? - Economics

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प्रश्न

What is per capita income?

लघु उत्तरीय
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उत्तर

Per capita income indicates the standard of living in a country. It is calculated by dividing the national income by the total population and is also known as the average output or income per person in an economy.

Symbolically,

Per capita income = `"National Income"/"Population"`

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अध्याय 4.01: Gross Domestic Product and its Growth: an Introduction - Evaluation [पृष्ठ ३०२]

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सामाचीर कलवी Social Science [English] Class 10 SSLC TN Board
अध्याय 4.01 Gross Domestic Product and its Growth: an Introduction
Evaluation | Q IV 4. | पृष्ठ ३०२
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TEST YOURSELF QUESTIONS | Q 18. | पृष्ठ ३८१
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