Question

MEANING OF PER CAPITA INCOMER

Answer 1

Explanation:

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. Per capita income is often used as average income, a measure of the wealth of the population of a nation, particularly in comparison to other nations.

Answer 2

Per capita income or average income measures the average income earned per person in a given area in a specified year. It is calculated by dividing the area's total income by its total population. Per capita income is national income divided by population size.