what is averaj income
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Per capita income (PCI) or average income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population.
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Average income is also called as per capita incomes. It is used more than evaluating national income of the country. It will be calculated based on money earned of per person in the specific area of a certain year.
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