Per capita income is best described as the

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average income per head of the population in an economy. Per capita income is calculated by dividing the total national income of a country by its total population. It gives an average income per person and is commonly used as an indicator of the standard of living and economic development of a country. It does not reflect income distribution, however, as

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A) total income earned by wage earners in an economy

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B) average income per head of the population in an economy

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C) share of national income accruing to the poorest segment of the population

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D) income of the median household in an economy

Per capita income is best described as the

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