The per capita value of income earned by everyone in an economy is equal to the per capita value of ____.

Question

Quizplus · Accepted Answer

Per capita income is the average income earned by every individual in the economy. This income is derived from the production of goods and services in the economy, so the per capita value of goods and services produced in the economy is equal to the per capita income. Therefore, the per capita value of goods and services produced in the economy is the best choice to complete the statement.

The Per Capita Value of Income Earned by Everyone in an Economy