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Per capita income is equal to
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National Income Total Population of the country
- National Income + Population
- National Income – Population
- National Income × Population
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Correct Option: A
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.
