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Q.

[[1]] is the total national income of all the residents of a country divided by its population


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Detailed Solution

Per Capita Income is the total national income of all the residents of a country divided by its population.
Per capita income is the criterion used by the World Bank to classify different countries. Countries with a per capita income of USD 12,056 or more are rich countries, and countries with a per capita income of USD 955 or less are non-rich countries. With a per capita income of US $1,820, India is categorised as a low-middle-income country.
 
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