Question

what is meant by per capita income???

Answer 1

Per capita income (PCI) or average incomemeasures 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.

Answer 2

Per capita income:
Income of a person in a country for a year is called the per capita income.

Formula;
Per Capita Income = Total income of a country
----------------------------
Total Population

Example: The income of a country of a year is Rs. 1,00,000 & its population is about 1000.Find per capita income?
Answer-
Per capita income will be
1,00,000
----------- = Rs. 100/-
1000

Hence per capita income of that country is ₹100

I hope helps you