Question

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Answer 1

Per capita income is often used to measure an area's average income and compare the wealth of different populations. Per capita income is often used to measure a country's standard of living. It is usually expressed in terms of a commonly used international currency such as the euro or United States dollar, and is useful because it is widely known, is easily calculable from readily available gross domestic product (GDP) and population estimates, and produces a useful statistic for comparison of wealth between sovereign territories...

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Answer 2

per capita income is an assessment of the amount of money earned per person . It can apply to the average per-person income for a city, region or country, and is as the measurements of an area's prosperity, such as household income, state income, country,etc.

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