Solve the question of and select the option from the choices A through D/E. Check your Answer and view the explanation.
Question: 5
The standard of living in a country is represented by its:
- poverty ratio
- per capita income
- national income
- unemployment rate
Show/Hide Explanation
Correct Answer: B
None
Sol. Per capita income or average income or income per person is the mean income within an economic aggregate, such as a country or city. It 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.