Define PER CAPITA INCOME.....
Answers
Answered by
7
Per capita income, also known as income per person, is the mean income of the people in an economic unit such as a country or city. It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income) and dividing it by the total population.
Answered by
1
It measures the average income earned per person in a specified year.
It os calculated as - Total income/Total Population
Hope this will help u
It os calculated as - Total income/Total Population
Hope this will help u
Similar questions