Per capita income refers to
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Per capita income is a measure of the amount of money earned per person in a nation or geographic region. Per capita income can be used to determine the average per-person income for an area and to evaluate the standard of living and quality of life of the population
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Answer:
Per capita income :
Explanation:
Per capita income is the average income earned per person in a given area in a particular time .
Per capita income = National income /
Total population
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This definition comes in board exam of 2 marks. and this is very important.
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