What is the term used for the average earnings of individuals in a nation over the course of one year?

Choose the correct answer

Explanation

Per capita income refers to the average income earned by each person in a country within a year. It is calculated by dividing the total national income by the population. Other options like national income and domestic income represent total aggregates, not averages per individual.

What is the term used for the average earnings of in… — Basic of Economics | PakQuizHub