Question

What is per capita income

Answer 1

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Per Capita :- Per capita is the average income earned by a person in a given area. 

✦ It is calculated by dividing the total area's income by its total population. 

✦ It is called Per Capita GDP 

✦ GDP- Gross domestic product 

✦ It is used to compare the relative performance of all countries 

<> [ The picture shows the Per Capita GDP development of top 10 states in 2016 ] 

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Answer 2

Answer:

per capita income is the ratio of the total income of the country to the total population of the country

per capita income = total income of the country / total population of the country

limitations:

1) it does not include the health condition of the people

2) it hides the poverty of few individuals

3) it does not show any infrastructural development of a country  

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