Per capita income is:

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Income per family

Income per person

Income per month

Income per day

answer is B.

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Detailed Solution

Per capita income is the income per person. It shows the mean income of the citizens of a country. Per capita income or Average Income is the total national income of a country divided by its population. Simply put, we can understand per capita income as the average person's income in a country during a particular year. The world bank uses it as the primary attribute to assess the development of a nation. According to the World Bank, countries with a per capita income of US$ 12236 per annum or more are considered rich or developed. On the other hand, countries with a per capita income of US$ 1005 or less fall into the category of poor or underdeveloped.

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