Question

What is average income or per capita income?​

Answer 1

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.

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Answer 2

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When the total national income is divided by the total population,it is called the per capita income.

$per\: capita\: income\:= \frac{national\:income}{population}$