Ask Question

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

+5
Answers (1)
  1. 27 May, 03:21
    0
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers