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Per capita income is obtained by dividing National Income by
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- Total population of the country
- Total working population
- Area of the country
- Volume of capital used
- Total population of the country
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.
