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Q.

By dividing the total income of a country by its population, we get


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a

National income

b

Total Income

c

Per person income

d

Per capita income 

answer is D.

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Detailed Solution

Average income or per capita income is measured by the total income earned by a nation's population divided by the total population for one year. It is evident through statistics that countries with high per capita income tend to be more developed compared to those with low per capita income. This is a much better and more efficient measure to calculate a country's economic development than total income, which does not consider the fact that countries can have different populations and thus will not serve as an accurate measure of comparison between economic statuses.
 
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