The average income of a person is called:
A. Total income
B. Per capita income
C. Gross income
D. Per nation income
Answer:B
The average income of a person is called:
A. Total income B. Per capita income C. Gross income D. Per nation income
Explanation: The average income of a person in a country is known as per capita income. It is calculated by dividing the total income of the country by its total population.