Economy, asked by user4594, 11 months ago

how is the development of country is measured by per capita income​

Answers

Answered by Anonymous
4

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.

How it is calculated?

pci = i/P

Where:

pci = per capita income

i = total personal income

P = total population

hope it helps uhh✌❤

Answered by Jeniyaa
2

Hęřę įš ùř ąńšwęř....♥♡♥

Ans"-Per Capita :- Per capita is the average income earned by a person in a given area.

✦ It is calculated by dividing the total area's income by its total population.

✦ It is called Per Capita GDP

✦ GDP- Gross domestic product

✦ It is used to compare the relative performance of all countries

<> [ The picture shows the Per Capita GDP development of top 10 states in 2016 ]

Hope it helps....

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