Economic Awareness - Sectors of Indian Economy
Per Capita Income is best described as:
Per Capita Income is best described as:
easy Q1 of 15
Step-by-Step Solution
Step 1: Understand the concept
Per Capita Income measures the average income per person, not just employed persons or households.Step 2: Analyze options
Total income earned by all citizens divided by the number of employed persons incorrectly divides by employed persons, Total government revenue divided by total population relates to government revenue, and Total value of goods and services produced divided by the number of households divides GDP by households, which is not Per Capita Income.Final Answer:
Average income earned per person in a country during a year → Option CQuick Check:
Per Capita Income = Average income per person ✅
Quick Trick: Remember 'Per Capita' means per person, so divide total income by population.
Common Mistakes:
- Confusing Per Capita Income with government revenue or GDP per household.
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