Question

what is per capita income​

Answer 1

Explanation:

per capita income of a country can be found out by dividing the total national income by the total population.

Answer 2

Answer:

Per capita income is nothing but its a average income measured average income of each person or per person in a specific region like state , country etc ., per year

Formula to calculate per capita income is total income divided by no of people in that specific region

For example lets calculate family per capita income .

Household monthly incme per person is calculated by taking the gross household monthly income ( the total money which is left after removing tax etc., ) divided by the total number of people( family members)  living in that household

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