Economy, asked by warsiaman4643, 1 year ago

what do you mean by per capita income of a country ? how can it be used to compare two countries?

Answers

Answered by prince574
128
per capital incomes mean the value of all and service goods produced by the country .in India it is measured in gdp(gross domestic product).

it is very useful for comparing two countries because income is one of the essential thing for human development.it describe the economic status of a country.
Answered by aman00371
25

Answer:

Per capital income is the average income of the people of a country in a definite period.

Explanation:

This criteria is used by the world bank to compare the counties on the basis of rich and poor.

Average Income =

National income /total population

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