what is per- capita income?
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➡️ Per capita income (PCI) or average incomemeasures the average income earned per person in a given area in a specified year.
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per capita income is also known as the income per person, it is the mean income of the people in a economic unit such as a country or a city it is calculated by taking a measure of all sources of income such as gross national income and dividing it by the total population
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