Question

define per capita income
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Answer 1

Per capita income or average income measures the average income earned per person in a given area in a specified year. It is calculated by dividing the area's total income by its total population. Per capita income is national income divided by population size.

Answer 2

Explanation:

Per capita income is national income divided by population size. Per capita income is often used to measure a sector's average income and compare the wealth of different populations.