Question

what is per capita income

Answer 1

Per capita income or average income measures 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

Explanation:

Per capita income is generally the mean income or the average income of an area.

This area could be a city, a town, a country or even to smaller levels of villages or estates.

We get per capita income by getting the total income of individuals in an area and then dividing it by the number of people in that population.

In this we always consider the working force and their income.