Question

Difference between per capita income(PCI) and per capita consumption (PCC)

Answer 1

PCI = TOTAL INCOME OF COUNTRY/ TOTAL POPULATION . (PER ANNUM)

PCC = TOTAL CONSUMPTION OF THE COUNTRY / TOTAL POPULATION (PER ANNUM.


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Answer 2

Per capita income is the average income of a country.

It determines the average standard of living of a country.

It is a helpful measure of economic productivity of a country.  

Per capita consumption is the average consumption of a nation.

It is a straight determinant of standard of living in a nation.

It is a useful measure of standard of living of a country.