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What does the term 'per capita' mean in economics?

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Question: What does the term \'per capita\' mean in economics?

Options:

  1. Total income of a country
  2. Income per person
  3. Total population
  4. Average income of the rich

Correct Answer: Income per person

Solution: 

\'Per capita\' means income per person, providing a measure of average economic output or income.

What does the term 'per capita' mean in economics?

Practice Questions

Q1
What does the term 'per capita' mean in economics?
  1. Total income of a country
  2. Income per person
  3. Total population
  4. Average income of the rich

Questions & Step-by-Step Solutions

What does the term 'per capita' mean in economics?
  • Per Capita Income – A measure of average income earned per person in a given area.
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