Question

per capita income in economics ​

Answer 1

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per capita income=Total salary earned in a particular area/no. of people living in that area.

Per capita income is simply defined as the average salary of the person compared to the particular area or a country.

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Answer 2

Answer:

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Explanation:

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.