Per capital income for a nation is calculated by dividing the country's national income by its _____________.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. population.
Per capita income for a nation is calculated by dividing the country's national income by its population. This metric provides an average income per person and is often used to assess the economic well-being of a country's residents. By dividing the total national income by the population, economists and policymakers can understand the income distribution and overall economic health, helping to inform decisions and compare economic performance across different nations.