Question

What do you means by per capita income.?? State the formula also...??

Answer 1

$per \: capita \: income \: is \: the \: total \: income \: of \: the \: country \: divided \: by \: its \: total \: population. \\ per \: capita \: income \: = \: \frac{total \: population \: of \: the \: country}{total \: income}$

Answer 2

Per capita income is a type of indicator that world bank uses to compare any countries.
It is total income of a country divided by total population of that country