how is the per capita income calculated
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Answer:
per capita income is calculated as follows:-
It is calculated by dividing the area's total income by its total population.
per capita income = total income
total population
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Answer:
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.
Explanation:
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