Question

Explain per capita income as an indicator of economic device

Answer 1

Answer:

What Is Per Capita Income? Per capita income is a measure of the amount of money earned per person in a nation or geographic region. Per capita income can be used to determine the average per-person income for an area and to evaluate the standard of living and quality of life of the populatio

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Answer 2

Ans1)Per capita income also known as the average income it is used as to calculate a country' s total income on the basis of its income .It is an indicator as because of a country' s income the World development report is made on the basis of it 's economic development.