Question

0.5. What is a per capita income? How will you calculate it?
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Answer 1

Per capita income is the average income of the citizens living in a country.

Per capita income = total income / number of people

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Answer 2

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Answer:

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Explanation:

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Per capita income can be used to determine the average per-person income for an area and to evaluate the standard of living and quality of life of the population.

Per capita income for a nation is calculated by dividing the country's national income by its population.

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