The average income of a country, total income divided by population, is called:
APer capita income
BNational income
CGross income
DMedian income
Answer & Solution
Correct answer: A. Per capita income
1. Total income is not useful for comparing countries of different size.
2. Average income is per capita income.
3. The World Bank uses it to classify countries.
_Source: syllabus Understanding Economic Development, Chapter 1, Development._
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