What does the term 'per capita income' refer to?

Practice Questions

Q1
What does the term 'per capita income' refer to?
  1. Income of the richest person in a country
  2. Total income divided by the population
  3. Income earned from foreign investments
  4. Income generated from taxes

Questions & Step-by-Step Solutions

What does the term 'per capita income' refer to?
No concepts available.
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