Can we say per capita is the actual income of all the citizens living in that country?
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Answer:
No!
Per capita Income is National Income divided by population. National income is money value of all final goods and services produced in a country during one year. It is calculated by dividing the area's total income by its total population.
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Per capita Income is National Income divided by population. National income is money value of all final goods and services produced in a country during one year. ... It is calculated by dividing the area's total income by its total population.
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