n NISM Certifications
XV NISM Series XV
Medium

How is per capita income of a country calculated?

Practice question from NISM XV Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. National Income / Total population

    Correct answer

  2. B

    Total population × National Income

  3. C

    Total population / National Income

  4. D

    National Income × Total population

Why this is the answer

Per capita income = National Income / Total Population, giving the average income per person in the economy.

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