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Which of the following results by dividing national income by size of population ?
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- Per capita income
- Subsistence level
- Subsistence expenditure
- Per capita production
- Per capita income
Correct Option: A
Per capita income or average income or income per person is a measure of 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.
