Question

What is PCI and how it is calculated?

Answer 1

PER CAPITA INCOME =NATIONAL INCOME/TOTAL POPULATION

Answer 2

Answer:

PCI is the average individual income of a country and is calculated by the ratio of the National Income of the country by population.

Explanation:

• The measure of average individual income in a certain country, city, or region over a specific time period is known as per capita income (PCI).
• It is largely used in economics to quantify and display the standard of living and quality of life for a population or area under investigation.
• It's a metric that's used to compare countries.
• Furthermore, the World Bank has classified countries as wealthy or low income based on their per capita income.
• It is the ratio of the National Income of the country by population.