A) Summing up the income of all the citizens of the country
B) Dividing national income by population
C) Estimating the minimum income of individual citizens
D) Dividing the total national capital with the profit earned
Correct Answer: B
Solution :
[b] Per capita income, also known as income per person, is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross National Income) and dividing it by the total population. Per capita income is often used to measure a country's standard of living. The per capita income in real terms (at 2011 - 12 prices) during. 2015-16 is likely to attain a level of Rs. 77, 431 as compared to Rs. 72,889 for the year 2014-15, as per the data released by the Central Statistics Office (CSO).
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