how is the development of country is measured by per capita income
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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✌❤
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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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