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12 February, 16:46

Suppose there are five families in a country and their income is 15 lakhs, 20 lakhs, 12 lakhs, 8 lakhs and 25 lakhs respectively. The per capita income of the country

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  1. 12 February, 18:27
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    16 lakhs per family

    Explanation:

    Per capita income is the mean income of the people in an economic unit. An economic unit may be a city or country. It is calculated by taking the sum of all sources of income and dividing it by the total population.

    There are five families in a country and their income is 15 lakhs, 20 lakhs, 12 lakhs, 8 lakhs and 25 lakhs.

    First, let's take the sum of the income.

    Sum=15+20+12+8+25=80

    Average=80:5=16

    The per capita income of the country is 16 lakhs per family.

    Note that:

    1 lakh=100,000
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