If total income of country B = Rs 1200000 US $ and it’s population =

1.	If total income of country B = Rs 1200000 US $ and it’s population = 300000.Calculate the per capita income of country B.
Answer» GIVEN : Total income of country B = 1,200,000 US $ Population = 300, 000 To find : Per capita income Solution: The per capita income is given by formula: $\boxed{\sf Per\ capita\ income\ = \dfrac{Total\ income\ of\ the\ country}{Total\ population\ of\ the\ country}}$ $= \tt \dfrac{1200000}{300000}$ = 4 $ Hence , the per capita income of the country is 4$ . _______________________ $\blue{ \underline{\purple{\underline{\large{\mathfrak{ \orange{some \: \pink{other} \: \red{information} \green : }}}}}}}$ • Per capita income , also called average income , is the income of an average person in a country . It is found by dividing the total income of the country by the total population of that country . • Per capita income includes one of the major aspects of DEVELOPMENT along with education and HEALTH CARE . • More the value of per capita income , more developed will be the country . • However , USING per capita income as the only criteria of development is not wise because there is unequal distribution of wealth and population.

If total income of country B = Rs 1200000 US $ and it’s population = 300000.Calculate the per capita income of country B.

Answer»

GIVEN :

Total income of country B = 1,200,000 US $
Population = 300, 000

To find :

Per capita income

Solution:

The per capita income is given by formula:

$\boxed{\sf Per\ capita\ income\ = \dfrac{Total\ income\ of\ the\ country}{Total\ population\ of\ the\ country}}$

$= \tt \dfrac{1200000}{300000}$

= 4 $

Hence , the per capita income of the country is 4$ .

_______________________

$\blue{ \underline{\purple{\underline{\large{\mathfrak{ \orange{some \: \pink{other} \: \red{information} \green : }}}}}}}$

• Per capita income , also called average income , is the income of an average person in a country . It is found by dividing the total income of the country by the total population of that country .

• Per capita income includes one of the major aspects of DEVELOPMENT along with education and HEALTH CARE .

• More the value of per capita income , more developed will be the country .

• However , USING per capita income as the only criteria of development is not wise because there is unequal distribution of wealth and population.