Question

How do you calculate a nation's per capita income? A. Divide the total income by the size of the population. B. Divide the size of the population by the GDP. C. Divide the GDP by the size of the population.

Answer 1

Divide the total income by the size of the population.

Explanation:

The formula is GDP/Population is : Divide the total income by the size of the population.

Per capita income is defined as a ratio of the amount of all of a region's income divided by its population.

Hence, a nation's per capita income, is calculated by dividing the area's total income by its total population.

Answer 2

A

Explanation:

The per capita income is the income of a person in a nation. The per capita is calculated by dividing the gross income of the nation by total population.

Let

Pci = Per Capita Income

I = Total income

and

P = Total population

Then,

Pci = I/P