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Q.

Choose the given statement is True/False:


The average income is also called per capita income.


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a

True

b

False 

answer is A.

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Detailed Solution

The given statement is true.
The average income is also called per capita income.
The average income is calculated by dividing the nation's total income by population. Per capita income is another name for the average income. Income is regarded as one of the most crucial characteristics when comparing nations. Total income is not the most helpful metric for comparing nations, though. More developed than less developed countries are those with higher incomes. Since populations vary among nations, comparing overall income won't provide an accurate picture of what the average person will likely make.
 
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