define the per capita and average income
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per captia income and average income are one and the same
Per captia income is the ratio of total income and total population in the particular area which gives you the average income a person earns in the particular area.
per captia income shows the distribution of income in a country
plz mark it as BRANLIEST
Per captia income is the ratio of total income and total population in the particular area which gives you the average income a person earns in the particular area.
per captia income shows the distribution of income in a country
plz mark it as BRANLIEST
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PER CAPITA- The term per capita is used in the field of statistics to indicate the average per person for any given concern, e.g income, crime. It is a measure of the total output of a country that takes into account GDP and divides it by the no. of people in the country.
AVERAGE INCOME- It is used more than evaluating national income of the country. It will be calculated based on money earned of per person in the specific area of a certain year.
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HERE IS YOUR ANSWER ⤵
PER CAPITA- The term per capita is used in the field of statistics to indicate the average per person for any given concern, e.g income, crime. It is a measure of the total output of a country that takes into account GDP and divides it by the no. of people in the country.
AVERAGE INCOME- It is used more than evaluating national income of the country. It will be calculated based on money earned of per person in the specific area of a certain year.
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