How is income per capita calculated?
A) Dividing a nation's aggregate income by the number of people in the country
B) Averaging the individual incomes of all working people
C) Dividing GDP by the number of households
D) None of the above

Question

Quizplus · Accepted Answer

Income per capita is calculated by dividing a nation's aggregate income (usually the Gross Domestic Product) by the number of people in the country. This gives an average estimate of how much each individual earns per year.

How Is Income Per Capita Calculated