per capita income refers to which income?
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Income per capita is a measure of the amount of money earned per person in a certain area. It can apply to the average per-person income for a city, region or country, and is used as a means of evaluating the living conditions and quality of life in different areas.
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Answer:
per capita income refers to the average income of the residents of the country
and it is calculated by :
per capita income = total income / total population
hope it helps you a lot
MissAGGRAWAL:
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