Q115
The total value of the products and services marketed by a nation is called.
A.
Gross Domestic Product
B.
Gross National Product
C.
National Income
D.
Per capita income
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
The total value of the products and services marketed by a nation is called Per capita income. Per capita income (PCI) or average income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population.