alleryPer capita income is best defined as:
AThe total income of all residents of a country in one year
BIncome of only the richest tenth of the country's population
CThe minimum legal wage prescribed by a country's government
DTotal income of a country divided by its total population
Answer & Solution
Correct answer: D. Total income of a country divided by its total population
Per capita income = total income of the country / total population.
It is the average yearly income per person and is the standard yardstick the World Bank uses to compare countries.
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